Credit, Collections & Insolvency News
Nick Rossister has been appointed Deputy Chief Executive at the Registry Trust.
Read morehttps://www.theguardian.com/money/2016/aug/23/aa-mortgages-fixed-rate-breakdown-cover
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http://news.sky.com/story/wonga-shake-up-goes-on-as-jordan-takes-top-uk-job-10548010
Read moreMortgages4Life has received full regulatory approval from the Financial Conduct Authority (FCA) to launch a range of products aimed at borrowers aged 55 and over, with the aim of improving choice in the later-life market. Chief Executive Simon Little said: “We are assembling a strong and credible team who understand the broker market and what their customers…
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The Financial Conduct Authority (FCA) has appointed Michael Welch as Director of Retail and Regulatory Investigations.
Read moreClose Brothers Motor Finance has expanded its Motorcycle Division with the appointments of Lee Collins and Paul Crossley as Motorcycle Account Specialists
Read moreLeadAffinity.com has launched a new strategic partnership with Cashfloat.co.uk, a trading style of Western Circle Ltd (WCL). The partnership agreement has a mutual aim of ensuring its customers have access to Cashfloat.co.uk as a lender and any customers that are not eligible for a Cashfloat.co.uk loan have access to the lending panel of LeadAffinity.com Lead Affinity, a trading…
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Londoners are more likely to be struggling with debt than the rest of the UK costing the city £1.4 billion a year according to a new report from StepChange Debt Charity. The report shows that the charity’s clients living in the capital owe more on credit cards and loans, have higher arrears on bills meaning that they…
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A data survey by the Association of Short Lenders (ASTL) has found that Bridging Loan applications have increased by 61% to £3.5 billion in the quarter ended 30 June 2016. The value of loans written increased by 6% quarter-on-quarter, while the total value of members’ loan books increased by 39% over Q1 this year. ASTL members wrote £2.85bn…
Read moreMondo has become the latest company to gain a banking licence from the Financial Conduct Authority (FCA). The bank will be available as a mobile phone app, will focus on digital current account services. Mondo was founded by Tom Blomfield, who has raised £1 million from a crowdfunding platform. The bank has also had about £7 million support…
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A report from the Council of Mortgage Lenders (CML) has outlined statistics indicating that the number of mortgages in arrears continued to fall in the second quarter of this year and are now at its lowest level since records began more than 20 years ago. The CML data shows that at the end of June there were 92,500…
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Here is an overview of The Money Charity’s latest statistics for August 2016: Personal debt in the UK People in the UK owed £1.484 trillion at the end of June 2016. This is up from £1.444 trillion at the end of June 2015 – an extra £777.90 per UK adult. Per adult in the UK…
Read moreThe study by Shelter and YouGov found that one in three families have little or no personal savings to fall back meaning that a staggering three million working families could be just one pay cheque away from losing their home. The research also revealed that a fifth of working parents face the prospect of being immediately unable to…
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