Credit, Collections & Insolvency News
Latest data from UK Finance has shown that there were 37,300 new loans advanced to older borrowers in Q2, up 13.4 per cent year on year. The value of this lending was £6.2bn, which was up 20.5 per cent compared with the same quarter a year previously. However the year-on-year comparison is inflated due to the…
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Over 10 million households (37%) are worried about how they’ll afford their energy bills this winter, according to new research from Citizens Advice. With the latest energy price cap expected to drive bills up to a three-year high – fueled by the ongoing conflict in the Middle East – the charity warns that millions of…
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Gen Z are being forced to go hungry as food costs soar, with almost one in three skipping meals or eating less – nearly three times the rate of 35–44-year-olds according to research from the cashback app Tuck. The study of 3,291 UK consumers found that 33% of Gen Z shoppers have started skipping meals or…
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New research from Close Brothers Motor Finance (CBMF) reveals that AI has transitioned into a mainstream operational tool for motor traders. Nearly two-thirds (65%) of UK motor dealerships are already actively using AI tools in their business today, with a further third (32%) planning to introduce them in the future. Among dealerships utilising or planning…
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Parents are taking different approaches to managing back-to-school costs, with 22% planning to use a credit card, 16% of parents planning to use Buy Now, Pay Later (BNPL) to cover back-to-school costs, and 19% saying they have cut back on other spending to afford the return to school, new research from Compare the Market has…
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