Credit, Collections & Insolvency News
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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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 22% in October 2025. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said “The…
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Credit Connect has announced its annual Credit & Collections Technology company Power List for 2025. The seventh edition of the Power List is a round-up of the most prominent innovative companies within credit and collections technology. Each year, Credit Connect identifies the Top 20 ‘Premier’ innovator companies, highlighting the achievements and successes of the top-performing…
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New research from financial wellbeing business Loqboxr has revealed a major shift in how families are approaching Christmas this year, with four in ten planning to buy fewer gifts and a quarter saying the season has become ‘too materialistic.’ Rather than these changes taking the shine off the season, this shift shows families are choosing…
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Debt management firm Lantern has announced that it has appointed Charlotte Symonds as its new Chief Operating Officer (COO). Symonds joined the company in December, bringing with her twenty years of experience in the financial services sector. She boasts an impressive two-decade career, including a senior role at Nottingham Building Society and a 17-year stint…
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The package of measures announced in the Government’s Child Poverty Strategy – including the abolition of the two-child limit on benefit support and an expanded Free School Meals offer – will result in child poverty rates falling in 2026-27, the first time in nine years (outside the pandemic), according to new analysis by the Resolution…
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Ofgem has announced that household energy bills will rise to help fund a £28 billion investment to upgrade the UK’s energy network. The energy regulator said that it has approved more than £17.8 billion of spending plans to upgrade gas transmission and distribution networks in the five years from April 2026. The remaining initial investment…
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The Government has announced a new Child Poverty Strategy, which aims to lift 550,000 children out of poverty by 2030. The Government says that following the reversal of the two-child limit, the strategy tackles the root causes of poverty by cutting the cost of essentials, boosting family incomes, and improving local services so every child…
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IE Hub has announced new partnerships. with Bristol Water and Wessex Water. The partnership will mean water customers looking for financial help will be directed to IE Hub to fill out their budget information. If they need further advice they will be signposted to National Debtline (NDL), a trusted provider of free, independent and expert…
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As people across the country battle an unrelenting living standards crisis, Citizens Advice has revealed reforming bill support across essential markets, including energy and water, could save eligible households a staggering £950 a year. That’s the equivalent of £79 a month, which amounts to an income boost of almost 6% for low-income households. Citizens Advice’s…
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Only 14% of households are worried about debt, but fewer than one in five (19%) are classed as resilient when it comes to their use of it, according to research by the HL Savings & Resilience Barometer. The data also showed that across the board, almost half (46%) of debt is used for consumption rather…
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Nearly one in three UK households are worried about paying their winter bills, according to new figures from Ocean Finance. With energy costs rising faster than many can cope with, families face a tough few months ahead whilst Ofgem warns that bills could rise by £75 next spring. The survey also revealed that 33% of…
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