Credit, Collections & Insolvency News
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. From 15th July 2026, BNPL providers will be required to carry out affordability and creditworthiness…
Read more
A director has been sentenced after fraudulently inflating his company’s turnover to secure Covid support, which he used to pay off his personal debts. Faruk Chowdhury falsely claimed his company had a turnover of £150,000 and that the Bounce Back Loan would be used for legitimate business purposes. Chowdhury’s company, Learn & Earn Ltd, showed…
Read more
As millions of UK holidaymakers prepare to head overseas this summer, new Freedom of Information (FOI) data obtained by Compare the Market has revealed that consumers paid £508 million in out-of-bundle international roaming charges in 2025, highlighting the continued cost of using mobile phones abroad for many travellers. The figures show consumers paid £508 million…
Read more
Latest Bank of England data has shown that mortgage lending more than doubled from £3.3 billion in May to £7.7 billion in June. June’s figure was also substantially higher than the previous six-month average of £4.9 billion. Mortgage approvals for house purchases increased to 58,200 in June, from 56,600 in May. However, this was below…
Read more