31st March 2026 - Credit Connect

InDebted appoints UK Managing Director

31st March 2026 Appointments | #appointments

Consumer debt recovery fintech, InDebted has announced the appointment of Rob Young as its UK Managing Director. Young will lead InDebted’s UK operations, he brings over two decades of leadership experience across fintech, credit, and technology-led financial services, including senior roles at Wonga and OnDeck, where he led international expansion across the UK, Canada, and…

FCA publishes redress scheme for the motor finance sector

31st March 2026 Consumer Lending | #motor finance

The Financial Conduct Authority (FCA) has announced a £9.1 billion motor finance redress scheme, a significant reduction from earlier estimates of £11 billion. The number of qualifying agreements has decreased from 14.2 million to 12.1 million, leading to lower overall costs. Millions of motor finance customers will receive compensation this year under a Financial Conduct Authority (FCA)…

Mortgage borrowing increased to £4.8bn in February

31st March 2026 Consumer Lending | #consumer credit #mortgage borrowing

Latest Bank of England data has shown that net borrowing of mortgage debt by individuals increased to £4.8 billion in February, from £4.2 billion in January. The rise in February is also above the previous six-month average of £4.5 billion. The data also shows that net mortgage approvals for house purchases increased to 62,600 in…

Business confidence rose before Middle East conflict

31st March 2026 Commercial Credit Management | #business confidence

Business confidence rose 11 points to 55% in March, driven mainly by smaller firms, according to the latest Lloyds Business Barometer. The survey, conducted from March 2nd-16th, showed that over 90% of responses came in the first week, before the potential impact of Middle Eastern conflict affected smaller businesses. Larger firms exhibited less optimism, reflecting…

Businessman stays in Spain despite prison sentence banned as company director

31st March 2026 Commercial Credit Management |

A businessman living in Spain, instead of serving a prison sentence for contempt of court, has been banned as a company director. Jack Mason was the director of eight companies linked to his associates Scott Dylan and David Antrobus, who are currently serving lengthy disqualifications for unauthorised banking transactions worth almost £14 million. Mason failed…

Capital left behind as household finances improve elsewhere

31st March 2026 Consumer Collections | #household finances

London is the only major city in Britain where household financial health is worsening, according to new research by Lowell. While financial pressure is beginning to ease across much of the country, London is not sharing in the recovery. Households in London are using up their savings: London is the only major city where emergency…

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