Credit, Collections & Insolvency News
A KPMG survey has found that two-thirds of people believe the economy is worsening. Despite almost no change in how households feel about their own finances throughout the past year, 2025 saw a steep decline in sentiment towards the economy. Entering 2026, the majority of people (56%) feel secure in their personal finances, a 1%…
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More than half of couples would consider staying together for the sake of the finances, with only 40% of people stating that they would never stay in a bad relationship for financial reasons, according to research by Opinium for Hargreaves Lansdown. The first Monday back to work after Christmas has been dubbed ‘Divorce Day,’ because…
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Data from Vanquis’ Financial Wellbeing Index found that one in five households earning under £40,000 had planned to cut back on Christmas spending in 2025. Across all households, the Index revealed that people were most likely to trim back on treats like eating out and parties while doing their best to protect essentials such as…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies decreased by 12% in November 2025 to a total of 9,343 compared to the October 2025 figure of 10,612. The Insolvency Service moved to a new case management system on 1st November 2025. As a result, there was a…
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More than six in ten (62%) parents believe a traditional Christmas is under threat due to the cost of living, with four in ten (40%) having to prioritise essential bills over festive spending, new research from Nationwide reveals. The poll of over 1,000 parents, done in partnership with charity Action for Children, also reveals that 42…
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Consumer confidence improved in December, rising to minus 17 from minus 19, according to data. from GfK. The index measuring changes in personal finances over the last 12 months has increased by one point to -6. This is one point higher than December 2024. The forecast for personal finances over the next year is up one point to 2. This is an…
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Rising costs are reshaping Christmas traditions, with a quarter of people (24%) now believing you should be able to charge guests for Christmas dinner, an emerging trend dubbed the Pay Per Plate Christmas. Among 18 to 24 year olds, 42% say hosts should be allowed to charge, compared to 36% of 25 to 44 year…
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Credit Connect has published its annual Credit & Collections Technology Awards review. The awards review highlights the unique transparency of the Credit & Collections Technology Awards, with data graphs showcasing the results, accompanied by judges’ comments. The award’s rigorous and transparent process enables each company that enters the awards an opportunity to receive a bespoke…
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Around one in three consumers (30%) in the UK are planning to spend more this Christmas compared with last year, according to new Deloitte research. This is higher than the rest of Europe, where less than a quarter (23%) plan to spend more. In the UK, younger consumers aged 18-34 are nearly twice as likely…
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A new report from Standard Life has identified a marked rise in financial insecurity among people in their early 60s as the State Pension age has increased over the past 15 years. The report’s analysis highlights that there are 250,000 more people aged 60-64 in relative income poverty than in 2010 when the State Pension…
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QDR Solicitors, a dual-regulated legal and debt recovery firm, has announced a strategic partnership with Nutun, a South African customer experience and collections outsourcing specialist. The investment provides QDR Solicitors with access to Nutun’s extensive resources and operational scalability. The agreement enables QDR Solicitors to expand its footprint in financial services and other regulated sectors,…
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FinTech Scotland is aiming to help address the growing link between people’s financial situation and their health in later life with the launch of a new initiative that will accelerate innovation through the development of new research, technologies, and services. The Finance and Health Lab will bring together financial services firms, fintechs, academia, government, health specialists,…
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Households are planning to spend significantly less this Christmas, as the impact of recent Budget announcements prompts millions to tighten their belts, according to new research from Yorkshire Building Society. Planned festive spending now averages £596 per household, down from £774 last year. The number of people planning to spend over £1,000 has plummeted from 51%…
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