Credit, Collections & Insolvency News
Many aspiring homeowners could be delaying their plans to get on the property ladder because they mistakenly believe they wouldn’t qualify for a mortgage, new research from Lloyds suggests. The study of more than 1,000 prospective first-time buyers found widespread confusion about what could prevent someone from getting a mortgage. More than half (58%) incorrectly…
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More than 220,000 fraud-risk cases were recorded to the UK National Fraud Database (NFD) in the first six months of 2026, with identity fraud accounting for 59%. The figures, revealed by fraud prevention service Cifas, mark the highest total volume of cases recorded throughout January-June. The latest data shows that stolen personal information is a…
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New research from Compare the Market suggests that fear of being turned down for credit is preventing millions of people from applying for financial products altogether, as new Buy Now Pay Later (BNPL) affordability checks are introduced across the UK. From 15th July 2026, BNPL providers will be required to carry out affordability and creditworthiness…
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While scrolling online at bedtime has become a nightly routine for many, according to new research from MoneySuperMarket. The research shows that late-night browsing can have costly consequences, with one in five (22%) spending more than £200 in a single late-night shopping session. The research found that bedtime browsing is taking a toll on budgets,…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in May 2026 was at a similar level to May 2025. In the first five months of 2026, new business in this market was 4% higher than in the same period in 2025. The credit card and personal loans…
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Consumer card spending grew by 1.9% year-on-year in June, a marked improvement on May’s 0.8 per cent growth, but below the latest CPIH inflation rate of 3.0%. Non-essential spending increased 1.7%, while growth in essential spending reached a 14-month high, up 2.2%. The uplift was driven by a combination of stabilising consumer confidence, warm and…
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The Buy Now, Pay Later (BNPL) sector will come under the regulation of the Financial Conduct Authority (FCA) from today (Wednesday 15th July), seeing the launch of stronger protections in place for consumers. New YouGov polling commissioned by StepChange reveals the increasing popularity of BNPL products, but raises the concern that many are using it…
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New research from Compare the Market suggests that fear of being turned down for credit is preventing millions of people from applying for financial products altogether, as new Buy Now Pay Later (BNPL) affordability checks are introduced across the UK. BNPL providers will be required to carry out affordability and creditworthiness checks before approving credit,…
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New analysis from debt advice provider PayPlan, has revealed that Buy Now Pay Later (BNPL) usage among its customers across the UK has increased by 3,793% between 2020 and 2025, highlighting the growing role the credit product is playing in household finances. The findings reveal a significant awareness gap when it comes to the new…
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A new report by the Treasury Committee has found that students were not told clearly enough that loan terms could change retrospectively, and called for a U-turn on the decision to freeze the income threshold at which some graduates start repaying their loans. The report also says that the Government has a moral obligation to…
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UK households and businesses received £69 billion of new finance from Finance & Leasing Association (FLA) members in the first five months of 2026, up 4% on the same period last year, according to new figures published today. The new figures are being released at the same time of the FLA’s first Impact Report. The…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 3% in April 2026 compared with the same month in 2025. In the first four months of 2026, new business in this market was 5% higher than in the same period in 2025. The credit card and…
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New data from Standard Life has found that nearly a quarter (23%) of Gen Z adults say they’re not focused on saving for retirement because they expect to inherit money or property The datas showed rge nearly one in four (23%) Gen Z (born between 1997 and 2012) say they are not prioritising retirement saving…
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