New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 4% in July, compared with the same month last year. Credit card and personal loan new business together grew by 3% compared with July 2018, while retail store and online credit new business remained stable. Commenting on…

Millions of motorists are overpaying on their car insurance by simply forgetting to switch provider every year. According to new research from comparethemarket.com, 16% of motorists – equating to over six million people nationwide – admit that changing car insurance providers when their policy comes to an end simply slips their minds. The annual cost…

Specialist consumer lender, 1st Stop Group Limited (1SG) has announced that it has increased its credit facilities with its current funding syndicate.  1SG’s main funders, Citibank, have agreed to increase its existing facility by a further £75 million to £225 million. This increase reaffirms Citibank’s support for 1SG in the near prime specialist finance sector. …

Motor finance car broker, CarMoney, has strengthened its executive team with the appointment Niall Cameron as General Manager of its retail team. Cameron joins CarMoney Phoenix Honda, where he has spent the last eight years. CarMoney Managing Director Alastair Grier said “We are delighted to have been able to attract someone of the calibre of…

Here is an overview of The Money Charity’s latest statistics for August 2019: Personal debt in the UK People in the UK owed £1,642 billion at the end of June 2019. This is up from £1,596 billion at the end of June 2018, an extra £887 per UK adult over the year. The average total…

Vehicle leasing company Alphabet has appointed Miles Tetlow as Head of contract management and Hannah Broad as Head of collections. Tetlow, who has worked for Alphabet since 2012, moves from his previous role as head of collections to take up his new role. In his new position, Tetlow will oversee the company’s contract servicing operations…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June by 4%, compared with the same month last year. The retail store and online credit sector reported new business up by 3% in June compared with the same month in 2018, while credit card and personal…

New figures released by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 3% in June 2019, compared with the same month in the previous year. The POS consumer new car finance market reported a fall in new business volumes of 5% in June compared…

Numbers released this morning by the Financial Ombudsman Service  (FOS) show that complaints during Q1 of the FOS complaints year (starting 1st April 2019) are down considerably on the same period last year. In the first three months of this financial year, FOS received 136,681 new enquiries and 70,304 new complaints – with 12,538 complaints…

Paragon’s Motor finance has launched e-signature technology Flexi-sign to help intermediaries meet recommendations made by the Financial Conduct Authority (FCA). Flexi-sign is a new advanced electronic signature solution that enables faster pay- outs along with providing dealers and brokers with more choice and a standardised process when completing documents and verifying ID with consumers. It…

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