14th July 2026 - Credit Connect

One in seven avoid applying for credit due to fear of rejection

14th July 2026 Buy Now Pay Later | #BNPL #Buy now pay later #credit cards

New research from Compare the Market suggests that fear of being turned down for credit is preventing millions of people from applying for financial products altogether, as new Buy Now Pay Later (BNPL) affordability checks are introduced across the UK. BNPL providers will be required to carry out affordability and creditworthiness checks before approving credit,…

Seven in ten parents expect to cover at least half of university costs

14th July 2026 Arrears and Recoveries | #university debt #university fees

New research from Rathbones suggests parents and grandparents are increasingly stepping in to fund higher education costs themselves. The research found that nearly seven in ten (69%) parents expect to cover at least half of the total cost of university, with 15% expecting to pay all or almost all costs themselves, 23% expecting to cover…

FLA supports Chancellor’s investment ambitions

14th July 2026 Consumer Lending | #FLA

The Finance & Leasing Association (FLA) has said its members stand ready to support the Government’s plans to drive economic growth by providing the specialist finance that enables businesses to obtain equipment, consumers to buy cars and households to invest in their homes. Ahead of the Chancellor’s Mansion House speech, the FLA said delivering sustainable…

BNPL use has increased by 3,793% in five years

14th July 2026 Buy Now Pay Later | #BNPL #Buy now pay later

New analysis from debt advice provider PayPlan, has revealed that Buy Now Pay Later (BNPL) usage among its customers across the UK has increased by 3,793% between 2020 and 2025, highlighting the growing role the credit product is playing in household finances. The findings reveal a significant awareness gap when it comes to the new…

Insolvency Service new technology will cut DRO application time

14th July 2026 Consumer Collections | #DRO applications

Thousands of people in financial crisis will get faster access to the help they need, thanks to a £900,000 technology boost to speed up debt relief order (DRO) applications. The new technology will allow debt advisers to send DRO cases directly to the Insolvency Service portal. The move will make the DRO application process more…

Debt charity welcomes BNPL regulation launch

14th July 2026 Buy Now Pay Later | #BNPL

StepChange Debt Charity has welcomed the long-awaited Buy Now, Pay Later (BNPL) regulation coming into force on Wednesday this week (15th July), which will mean all BNPL products come under FCA regulation and include consumer protections in line with borrowing such as credit cards and personal loans. The charity has laid out what the changes…

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