Credit, Collections & Insolvency News
Responding to the latest apprenticeship figures, showing starts flat over the last few months, but with a year on year drop of 25% for the 2017/18 academic year to July, Jamie Kerr, Head of External Affairs at the Institute of Directors, said “Today’s figures show that apprenticeship starts have still not recovered since the introduction…
Read moreAccountant in Bankruptcy (AiB) has released official statistics reporting personal insolvencies Scotland for the second quarter (July to September 2018) of 2018-19. There were 3,067 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in Scotland in 2018-19 Q2. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland fell by 5% in Q2 2018-19 (July-September…
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Leek United has announced the appointment of Andrew Healy as the Society’s new Chief Executive Officer. Healy, joins Leek United from the largest bank in the Maldives, Bank of Maldives, where he has been CEO and Managing Director since 2014. He brings more than 25 years of experience in financial services to his new role,…
Read moreParagon has appointed Geoff Duncalf as its new National Sales Manager for Motor Finance. Duncalf has joined specialist lender Paragon from Lloyds Banking Group, where he spent eight years, including five years as Senior Account Manager at Black Horse Finance covering the Midlands region. The newly-created role will see Duncalf responsible for leading and developing…
Read moreAsset management software and analytics, specialist Qualco has unveiled a major platform update of its ExtraCollect service. The update will offer clients and partners a more intuitive user interface (UI), enhanced visibility of customer accounts, and richer data insight. ExtraCollect is a panel management platform that gives clients access to more than 30 agency partners…
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Experian has announced that rental payment information will appear on credit reports of more than 1.2 million tenants from across the UK. Tenants can see their rental payments on Experian’s CreditExpert and statutory credit reports as part of the Rental Exchange initiative, developed in partnership with the Big Issue Invest, the social investment arm of…
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UK Finance has published its household finance update for September 2018 which reveals that Gross mortgage lending across the residential market in September was £21.5bn, some 1.2 percent lower than last September. The number of mortgages approved by the main high street banks in September was 9.1 percent lower than last September; approvals for house purchase…
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The proportion of landlords looking to remortgage is now at an all-time high according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index which has been capturing the experience and views of approximately 200 mortgage intermediaries on the development of the UK mortgage market each quarter since 1995. The latest survey, tracking developments for the third quarter…
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Twelve million current account holders at the biggest high street banks could be paying more than £640 million too much on their overdrafts, according to uSwitch.com. With the big banks charging over 50 times more than the cheapest in fees and interest on the typical overdraft, consumers are missing out by not switching to cheaper providers.…
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The UK rental market remained in recession during the third quarter of 2018 (Q3 2018) according to the most recent figures from The Deposit Protection Service (The DPS). In the latest edition of its Rent Index, which is based on the organisation’s database of millions of properties across the UK, The DPS reports that average…
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Computershare has donated £5,000 to Citizens Advice Tunbridge Wells and District to fund a project that helps people to understand their rights. The donation will allow the charity further to roll out their ‘Prescribed Advice’ service, in which Citizens Advice advisers are based in GP surgeries and available ‘on the spot’ to support patients with…
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With many headlines sounding the death knell for cash, its popularity and use continues to endure robustly, according to the October 2018 Money Statistics, produced by The Money Charity. Despite reports that the tipping point has been reached, with the UK’s preferred payment methods now being digital, LINK cash machines were used on average 93 times…
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Here is an overview of The Money Charity’s latest statistics for October 2018: Personal debt in the UK People in the UK owed £1.5987 trillion at the end of August 2018. This is up from £1.5544 trillion at the end of August 2017, an extra £849.91 per UK adult and £66.96 higher than the previous month. The average…
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