New figures released by the Finance & Leasing Association (FLA) show growth of 7% in consumer finance new business in June, compared with the same month last year, and growth of 4% in the second quarter of 2017 overall. Credit card and personal loan new business together grew by 10% compared with June 2016, while…

New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage growth continued in June. Commenting on the June 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “In June, the second charge…

Complaints about consumer credit including payday loans and hire purchase showed a rise in the second quarter according to latest statistics released by the Financial Ombudsman Service (FOS). Consumer credit complaints totalled 7,281 in the three months to June 30, up from 5,846 in the same period last year. Payday loans, which provide short-term credit at…

Credit decisioning specialist Zoot,  has announced a partnership with credit scorecards specialist Credit Kudos. The combination will enable lenders to easily incorporate account transaction data into their existing risk process, leveraging Credit Kudos’ pre-configured risk models through Zoot’s cloud-based platform integrating data and scoring to create a seamless application process. Adam Jackson, Zoot’s Managing Director…

Developments in the wider economy are making it more challenging for homebuyers and savers. Building societies continue to support both groups and maintained a high market share of new mortgage lending and savings in the second quarter of 2017 according to latest figures from the Building Society Association Building societies approved 112,340 new mortgage loans.…

The number of cash payments decreased by 11% between 2015 and 2016, but it remains the most frequently used payment method in the UK, according to new data published today by UK Finance. Consumers and businesses made 15.4 billion cash payments in 2016 – down from 17.2 billion in 2015 (a decrease of 11%). However…

The UK Finance has released its latest car expenditure statistics for June 2017. Highlights from the statistics include: Total card spending reached £57.1 billion in June, up by 0.3% on May and 7% on June 2016. There were just under 1.4 billion card payments in June, a monthly record and a 12% rise in the…

The number of debt judgments in Northern Ireland increased during the first half of 2017 according to figures released today by Registry Trust. There were 4,101 small claims judgments in the first six months of the year, a year on year increase of 11 percent. The total value rose by 21 percent to £8.3m. The…

Here is an overview of The Money Charity’s latest statistics for August 2017: Personal debt in the UK Total UK personal debt The average total debt per household – including mortgages – was £57,005 in June. The revised figure for May was £56,791 Based on June 2017 trends, the UK’s total interest repayments on personal…

1 2 3 23