The impact of the cost of childcare on a family’s finances has been revealed in a new report, with childcare costs overtaking the cost of mortgage payments. The cost of childcare, has, in some cases, seen some parent turn to payday loans as a quick fix. As part of a UK-wide investigation, Admiral Loans researched…
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The Government has announced new plans which would mean people struggling with serious debt may soon benefit from a ‘breathing space’ from their bills. The Government is seeking views as it develops a way to provide individuals in debt with up to six weeks free from further interest, charges and enforcement action. This period would give those affected…
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Fewer UK companies are reporting signs of growth, and more firms say they have recently experienced at least one sign of distress, according to new research by insolvency and restructuring trade body R3. The research, part of a long-running survey of business distress by R3 and BDRC Continental, found that the number of companies reporting…
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Peer to peer lender RateSetter and information services company Experian have announced a new partnership which aims to help RateSetter make good credit decisions as it grows its commercial finance operation. RateSetter investors have lent more than £2 billion to a diverse range of individuals and businesses across the UK since the platform launched in…
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Consumer confidence has rallied in the third quarter of 2017, increasing by three percentage points from Q2 2017 after three consecutive quarters of decline, according a latest Consumer Tracker report by Deloitte. The quarterly survey of 3,000 UK consumers, carried out between 15 and 16 September 2017, saw overall consumer confidence rise to 7% in…
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The Office for National Statics (ONS) has reported that fraud crime in England and Wales has hit 3.3million in its latest statistical bulletin. Responding to the reportt John Cannon, Commercial Director Fraud & ID, Callcredit Information Group, said: “Today’s ONS statistics, reveal that there were 3.3 million incidents of fraud in England and Wales alone, and over half…
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Credit insurer, Atradius latest report has indicated that nine out of ten suppliers surveyed in Asia Pacific experienced late payment of invoices from their B2B customers over the past year. To protect their businesses from late payments, 33.3% of the suppliers surveyed reported having taken specific measures to correct cash flow. Despite the ongoing deceleration…
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The cyber security risk to UK organisations continues to increase in both severity and impact, but nearly one in five (17%) admit they don’t prepare or drill for cyber attacks, and fewer than half (49%) conduct penetration tests to examine their defences according to a new report by PWC. PwC’s Global State of Information Security Survey…
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Credit management software suppliers, OnGuard and Credit Tools have they announced that they have completed their merger. The companyies have announced that the new company will be calledOnguard. In addition to a cosmetic change, the newly created company will create a software platform in which customers can resolve all issues which arise within the order to cash chain.…
Read moreHere is an overview of The Money Charity’s latest statistics for October 2017: Personal debt in the UK People in the UK owed £1.554 trillion at the end of August 2017. This is up from £1.5 trillion at the end of July 2016 – an extra £1029.82 per UK adult. Per adult in the UK that’s an average debt…
Read moreLatest figures published by the Money Charity indicate that outstanding debt on mortgages has hit all-time high in the UK. Continued growth in house prices, along with a small decline in the number of outstanding home loans has led to the highest level of mortgage debt per household ever recorded. In its October Money Statistics report,…
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The Information Commissioner’s Office (ICO) will launch a dedicated telephone service aimed at helping small businesses prepare for new data protection laws. The phone service will add to a package of tools and resources already available for organisations getting ready for the General Data Protection Regulation (GDPR) which comes into effect on 25 May 2018.…
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Nearly half (44%) of SMEs have never checked their company’s credit score, according to research from RateSetter Business Finance. Credit scores are used by lenders to determine whether businesses have a good track record of repaying debt, and are therefore one of the key factors affecting an SME’s ability to get a loan. Credit reference…
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