Credit, Collections & Insolvency News
New research from Nationwide has revealed the biggest mistakes made by today’s students at university – with money worries topping the list far more than they did for previous generations. Notably, current students are significantly more likely than parents to regret financial mistakes made, not budgeting or tracking spending (20%), and overspending (18%) – a…
Read more
Lastest Minstry of Justice mortgage and landlord possession statistics from April to June 2026, have shown that there were decreases in mortgage possession claims. The data shows a decrease from 6,539 to 5,232 (20%) and orders from 4,421 to 3,651 (17%), warrants from 3,804 to 3,101 (18%) and a decrease in repossessions by county court…
Read more
Subscription-based credit provider Creditspring has announced it has secured FCA permission to operate as a credit broker, enabling the company to support more customers by introducing eligible members to carefully selected third-party credit products that better meet their needs. The permission means that when a Creditspring product isn’t the most suitable option, eligible members can…
Read more
Transave Credit Union has abbiyunced that it has appointed fintech and consumer finance executive Jake Ransonas as a Non-Executive Director. The appointment comes as the UK’s credit union sector is entering a period of significant expansion. Adult membership reached 2.16 million in 2025, while the recently launched Credit Union Growth Plan sets an ambitious target…
Read more
Research from Pay.The UK has suggested that school leavers may say they feel confident about money, but many are losing cash due to poor everyday money admin habits. The survey of over 2000 school-leavers aged 16-19 found that while seven in 10 (69%) claim they feel confident that they have the skills and ability to…
Read more
New research from Howden has revealed that despite new government measures designed to tackle late payments, the issue continues to put significant pressure on UK SMEs. The survey found that nearly one in three SMEs receive late payments often or very often, while more than half experience them at least occasionally. Almost one in five…
Read more
Latest data from UK Finance has found that residential and buy-to-let mortgage arrears and possessions fell in Q2 2026. A total of 1,150 homeowner mortgaged properties were taken into possession, an 8% fall from the previous quarter and a 14% decrease compared with the same period a year earlier. There were 630 buy-to-let mortgaged properties…
Read more
Hampshire Trust Bank (HTB) has appointed Ashling Quinn as Lending Director within its Development Finance team, where she will support brokers and SME developers across the Midlands. Reporting to Rob Syrett, Head of Originations, Development Finance, Quinn brings more than a decade of banking experience, including seven years specialising in development finance. Quinn joins from Paragon…
Read more
Economic growth in the UK slowed during the second quarter from April to June, as the effects of the Iran war began to show, according to the Office for National Statistics (ONS). Gross Domestic Product (GDP), a measure of everything produced in the economy, grew by 0.4 per cent, down from 0.6 per cent in…
Read more
Latest analysis by Hargreaves Lansdown (HL) has found that two-thirds of people admit they will rely on the state pension ‘to some extent’ in retirement. Almost one-in-ten say they will be totally dependent on the benefit. Almost one in five say they will be heavily reliant on it, whilst 14% of people say they are unsure. Women…
Read more
Despite growing up in one of the most connected generations, many young adults are keeping their finances firmly behind closed door. The research by Skipton Building Society found that four in ten (40 per cent) Gen Z don’t want to reveal how much they spend, earn or save with others. This ranges from talking about…
Read more
Latest British Retail Consortium data has shown that consumer demand slowed in the summer heat wave. Total retail sales increased by 1.3% year on year in July, against a growth of 2.5% in July 2025. This was below the 12-month average growth of 1.8%. Food sales increased by 3.8% year on year in July, against…
Read more
Consumer confidence in the UK reached its highest level in 21 months in July, according to Barclays’ survey. About 30% of respondents expressed optimism about the economy, a 6% increase from June. Consumer card spending was up 2per cent, with discretionary spending also up 1.6 per cent. The new data follows a 1.9 per cent…
Read more