Credit, Collections & Insolvency News
Around two-thirds (63%) of people are set to take a holiday this summer, bringing a related boost to the UK retail economy according to KPMG UK’s latest quarterly Consumer Pulse survey. The data showed that demand, other spending plans over the coming three months, as well as the impact that the Iran conflict had on…
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Restructuring and insolvency practice Business Rescue Expert (BRE) has bolstered its North West operation with the appointment of Gareth Hunt. Insolvency Practitioner Hunt has joined the firm’s Manchester office from RPG, where he was head of business recovery. He brings more than 20 years’ experience in the debt advisory and insolvency sector, handling corporate and…
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Global digital bank and flexible payments provider, Klarna, has announced a partnership with financial wellbeing provider Money Wellness to give customers easy access to a financial health check. The free ‘Money MOT’, delivered by Money Wellness, is available to all Klarna users and offers a personalised picture of their finances with simple steps to make…
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New data from Zempler Bank has shown that confidence among operators remains low, with just under one-quarter (24%) saying they feel confident about growth and nearly one in five (18%) questioning their long-term viability. In response to ongoing economic challenges, 75% have raised prices in the past 12 months, 55% have cut staff hours and…
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Credit card defaults in the UK have surged to their highest level since the 2008 financial crisis. Bank of England data indicates a significant uptick in the number of people defaulting on credit card payments, the largest increase since 2009. The data shows a sharp rise in defaults on credit cards and other unsecured loans.…
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