Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in November 2025 grew by 7% compared with the same month in 2024. In the eleven months to November 2025, new business was 3% higher than in the same period in 2024. The IT…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 27% in November 2025. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business by value and volume in November 2025 was at a similar level to the same month in 2024. In the eleven months to November 2025, new business volumes grew by 1% compared with the same period in 2024.…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in November 2025 by 3% compared with the same month in 2024. In the eleven months to November 2025, new business in this market was 5% higher than in the same period in 2024. The credit card and…
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The Money Advice Liaison Group (MALG) has announced ithas secured funding from Money & Pensions Service for a new research initiative exploring what safeguards are needed to ensure Generative AI is used safely for debt advice. The research project, entitled ‘Exploring Safe & Effective Self‑Serve in Regulated Debt Advice in the Generative AI Era’, is…
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A bankrupt builder from Derby has been jailed after illegally obtaining more than £400,000 for home improvement projects. Nigel Dinneen secured advance payments from five victims in the Midlands without disclosing to them that he had been declared bankrupt in July 2019, as he was legally required to do. Dinneen was sentenced to 12 months…
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New research from the Centre for Responsible Credit has highlighted how concerns around credit scores can prevent people in financial difficulty from seeking help and should be viewed as one aspect of financial health, not the entirety. Statistics from the report show that credit score concerns have stopped hard-up borrowers from seeking help: with industry-promoted…
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Oldham Credit Union (OCU) has announced that it has appointed Lyndsey Gilkes as its new Chief Executive. Gilkes brings over six years of experience from Hoot Credit Union to the position. Founded in 2002, Oldham Credit Union is a not-for-profit, democratic organisation serving over 4,000 members, with membership growing at 10% annually. Since its inception,…
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