14th August 2026 - Credit Connect

Creditspring receives FCA credit broking permission

14th August 2026 Company News | #FCA

Subscription-based credit provider Creditspring has announced it has secured FCA permission to operate as a credit broker, enabling the company to support more customers by introducing eligible members to carefully selected third-party credit products that better meet their needs. The permission means that when a Creditspring product isn’t the most suitable option, eligible members can…

Transave Credit Union appoints Non-Executive Director

14th August 2026 Alternative Consumer Lending |

Transave Credit Union has announced that it has appointed fintech and consumer finance executive Jake Ransonas as a Non-Executive Director. The appointment comes as the UK’s credit union sector is entering a period of significant expansion. Adult membership reached 2.16 million in 2025, while the recently launched Credit Union Growth Plan sets an ambitious target…

Three in ten school leavers not confident in managing their finances

14th August 2026 Consumer Collections | #money management #school leavers

Research from Pay.The UK has suggested that school leavers may say they feel confident about money, but many are losing cash due to poor everyday money admin habits. The survey of over 2000 school-leavers aged 16-19 found that while seven in 10 (69%) claim they feel confident that they have the skills and ability to…

SMEs lose nearly one working day every month chasing late payments

14th August 2026 Commercial Collections and Recoveries | #late payments

New research from Howden has revealed that despite new government measures designed to tackle late payments, the issue continues to put significant pressure on UK SMEs. The survey found that nearly one in three SMEs receive late payments often or very often, while more than half experience them at least occasionally. Almost one in five…

Mortgage possession rates fall

14th August 2026 Arrears and Recoveries | #mortgage possessions

Latest data from UK Finance has found that residential and buy-to-let mortgage arrears and possessions fell in Q2 2026. A total of 1,150 homeowner mortgaged properties were taken into possession, an 8% fall from the previous quarter and a 14% decrease compared with the same period a year earlier. There were 630 buy-to-let mortgaged properties…

Hampshire Trust Bank appoints Lending Director

14th August 2026 Appointments |

Hampshire Trust Bank (HTB) has appointed Ashling Quinn as Lending Director within its Development Finance team, where she will support brokers and SME developers across the Midlands. Reporting to Rob Syrett, Head of Originations, Development Finance, Quinn brings more than a decade of banking experience, including seven years specialising in development finance. Quinn joins from Paragon…

GDP slowed to 0.4% in June – industry reaction

14th August 2026 Commercial Credit Management | #economy #GDP

Economic growth in the UK slowed during the second quarter from April to June, as the effects of the Iran war began to show, according to the Office for National Statistics (ONS). Gross Domestic Product (GDP), a measure of everything produced in the economy, grew by 0.4 per cent, down from 0.6 per cent in…

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