New insights from Experian suggest that consumers have a better chance of finding a pre-approved credit card or loan than they did at the start of this year. Following the lifting of lockdown restrictions in July, lenders have continued to bring new products to market. 61% of customers using Experian’s Marketplace saw a credit card…

A new Credit & Technology Think Tank has been launched by Credit Connect Media. The event will examine credit and collections technology strategies to increase effectiveness and efficiency as we emerge from the worst impact of the pandemic. The inaugural Credit & Collections Technology Think Tank powered by Credit Connect will take place on Thursday…

New research by Demos has predicted that credit services are predicted that credit scores are predicted to improve by 2% this year. The research in the form of the third annual Good Credit Index shows an average increase in access to credit in the UK, mostly due to effective government intervention to prevent a financial crisis. The…

Outside of mortgage borrowing, consumers borrowed no additional consumer credit in July, according to Bank of England (BOE) figures, with the sum households paid back roughly equivalent to what they were loaned. The figures compare with an average of £1.2 billion of consumer credit borrowed per month in the two years to February 2020. Economists…

Payments using contactless cards have increased as the UK emerged from lockdowns and consumers started spending again according to latest UK Finance figures. The number of purchases made in May via contactless technology doubled compared with the same month a year earlier and was up 50% in May 2019 as contactless payments accounted for 49…

While the UK economy continues its gradual encouraging pandemic recovery, signs are growing that the coming winter will be deeply financially difficult for many UK households, according to the August 2021 Money Statistics, produced by The Money Charity. Along with warmer weather and the ending of lockdown restrictions, the start of the summer period brought…

Here is an overview of The Money Charity’s latest statistics for Augusr 2021 Personal debt in the UK People in the UK owed £1,742.7 billion at the end of June 2021. The average total debt per household, including mortgages, was £62,705 and per adult was £32,950, around 109.7% of average earnings. Net mortgage lending rose by…

Higher prices for food, petrol and other everyday goods are leaving households struggling to meet these rising costs according to the latest Household Financial Confidence Tracker from comparethemarket.com. The research says that as coronavirus restrictions lift, the vaccine roll-out continues and the economy recovers, resulting inflationary pressures are leaving many families with children worried about affording day…

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