To mark World Mental Health Day, four leading banks have announced they are backing Money and Mental Health’s campaign to ‘Stop the DebtThreats.’ Barclays, Monzo, Nationwide and Metro Bank have joined over 30 charities in calling on the government to change out-of-date rules on debt letters, to make them less intimidating, and more supportive to…

New figures released by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer new car finance market fell by 2% in August, compared with the same month in 2018, while the value of new business grew by 2% over the same period. The percentage of private…

New research from Zopa shows that consumers are becoming increasingly confused when picking the best car finance option to fund their purchase. Nearly half (47%) of those who have recently bought a car with finance can’t identify what type of car finance deal they actually signed up for. Zopa’s research estimates that the average car…

The Financial Conduct Authority (FCA) has published its interim report of its market study into the pricing of home and motor insurance. The FCA found that competition is not working well for all consumers in these markets. It sets out concerns about how pricing in these markets leads to consumers who do not switch or…

Here is an overview of The Money Charity’s latest statistics for September 2019: Personal debt in the UK People in the UK owed £1,647 billion at the end of July 2019. This is up from £1,600 billion at the end of July 2018, an extra £888 per UK adult over the year. The average total…

Specialist Motor Finance (SMF) has appointed Jimmy McGuire as National Sales Director. McGuire brings more than 20 years’ experience within the motor trade and financing industry to the role. Prior to joining SMF, McGuire was national sales manager for Advantage Finance which provides motor dealers with an alternative lending source. He joined Advantage as a…

Leeds-based automotive F&I specialist Dealtrak welcomed four new faces to the team last month, which add to the nine appointments and promotions announced in June. Integrated with 200 partners and counting – and with a new interface currently in development alongside international software engineering firm, Godel Technologies – the Leeds tech hub announced the creation…

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…

The winners of the third annual 2019 Credit & Collections Technology Awards have been revealed. There were eighteen winners from the twenty Awards categories which are covered by four main headings of Applied Technology,  Credit and Collections, Lender and Creditors and Innovation Leaders. The awards ceremony was held at the Credit Services Association’s (CSA) annual…

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…