Credit, Collections & Insolvency News
New figures show more than 216,800 people were helped by free debt advice services National Debtline and Business Debtline in 2025 – a 6% increase on the previous year, as high living cost pressures continued to drive debt issues. The services – run by charity Money Advice Trust – helped people tackle more than £2.9 billion of debt in…
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Over two million Britons are reportedly in debt to illegal lenders, a rise of 500,000 since 2022, according to the Centre for Social Justice (CSJ). Britain is facing a growing illegal lending crisis as record numbers of cash-strapped households turn to loan sharks to cover everyday living costs. The number of people borrowing from unscrupulous…
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National UK law firm Flint Bishop has announced it has appointed banking and finance litigation specialist Zarvin Vandrewala as Partner and joint Head of Finance Dispute Resolution Vandrewala joins from Aberdein Considine, where he was a Partner advising financial services clients on a wide spectrum of contentious matters. He brings more than 14 years’ experience…
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With the 2026 World Cup kicking off, new research from Lowell shows that 43% of all gamblers increase their betting activity during major sporting events or tournaments. This rises to 50.6% among sports bettors specifically, with levels climbing to as high as two-thirds in certain cities. Gambling can significantly impact personal finances, with many bettors dipping…
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Football fans are being urged to think twice before acting on financial tips shared over social occasions like the World Cup this summer, as research shares how widespread informal money tips have become. The warning comes as a study of 2,000 adults by Skipton Building Society found that nearly one in seven (15%) have been given financial…
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Debt purchase and credit management specialist Lantern Group has announced that it has secured an enhanced funding facility with its lending partners. The new £135 million facility, which increases the Group’s borrowing capacity and extends maturity, will support Lantern’s strategic growth plan and reinforce its competitive position. The Debt & Capital Advisory team at Interpath…
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With the football World Cup just around the corner, new research from MoneySuperMarket has revealed that almost a quarter (23%) of Brits expect to rely on credit cards or borrowing to fund World Cup-related spending. The survey of UK adults revealed it won’t just be the beer leaving Brits with a hangover this summer, with…
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New research from the National Audit Office (NAO) has revealed that millions are missing out on vital support with energy and water bills. This comes as over £7 billion worth of debt is owed to energy and water companies. The report examined how Ofcom, Ofwat and Ofgem support consumers in vulnerable circumstances and whether people…
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The Enforcement Conduct Board (ECB) says that the Government’s plans to regulate bailiffs are too slow, stating that it is exactly one year after the Ministry of Justice announced that it would legislate to make independent regulation of bailiffs mandatory. The enforcement industry receives over 7 million cases for enforcement every year and collects over…
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Aryza has announced a new partnership with data, AI and change operational transformation specialist consultancy Nucleo. Under the agreement, Nucleo will also act as a reseller and delivery partner for Aryza’s AI-enabled solutions across the UK and Ireland, providing implementation services, integration support, and ongoing customer service in coordination with Aryza. Through the partnership, Nucleo…
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Ovo Energy has agreed to pay more than £10 million to customers after energy regulator Ofgem found a lack of monitoring of vulnerable customers with prepayment meters (PPMs). The regulator’s investigation concluded that OVO’s inadequate monitoring of PPM customers, including those on the Priority Services Register (PSR), led to breaches of Ofgem’s rules designed to…
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The Enforcement Conduct Board (ECB) has published its Review into fee-charging practices across the enforcement sector. It found inconsistencies in the way firms are applying fees, with some people paying more in fees, or earlier in the enforcement process. In 2025, the ECB identified a serious breach of the Taking Control of Goods (Fees) Regulations 2014 at…
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British consumers are among the most pessimistic in Europe about their finances in the year ahead, as instability and conflict in the Middle East tops the list of the biggest financial concerns across the continent according to new Europe-wide research from CRIF. The data reveals that half of all European consumers (50%) cite Middle East instability…
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