Credit, Collections & Insolvency News
The number of households suffering from ‘fuel stress’ spending at least 10 per cent of their family budgets on energy bills is set to treble overnight to 6.3 million households when the new energy price cap comes into effect on 1st April according to new research by the Resolution Foundation. The research shows that the…
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A survey of lenders by the Bank of England shows that the number of small businesses falling behind on their loan repayments rose in the three months to the end of November. The analysis shows that fewer medium-sized businesses defaulted on corporate debt repayments in the period, while the number of large companies defaulting remained…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 33% in November 2021 compared with the same month in 2020. In the eleven months to November 2021, new business was 14% higher than in the same period in 2020. The credit card and personal loan sectors…
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New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported new business volumes up in November 2021 by 33% compared with the same month in 2020. In the eleven months to November 2021, new business volumes were 9% higher than in the same period in 2020. The…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 36% in November 2021. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in November 2021 by 5% compared with the same month in 2020. In the eleven months to November 2021, new business was 16% higher than in the same period in 2020. The…
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The anticipated £700 increase to the default tariff cap is set to put energy bills as a proportion of benefit levels at a generational high and tip many more into hardship, new research by Citizens Advice has revealed. Citizens Advice is calling on the government to provide a one-off grant this April to support families…
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Charity, Age UK is demanding immediate government action to prevent millions more from falling into fuel poverty. The Charity has written to the Secretaries of State for Business, Energy and Industrial Strategy (Rt Hon Kwasi Kwarteng MP) and for Work and Pensions (Rt Hon Thérèse Coffey MP), published in full below, calling for immediate action…
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Lenders have reported a lower borrowing demand at the close of the year according to a new report from the Bank of England (BoE). The quarterly survey of banks and building societies found that demand for secured lending for house purchases fell in the final quarter of last year. The demand for mortgages fell back…
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More than a quarter (27%) of consumers think they could be losing money due to lack of, or insufficient, understanding of financial terminology, according to recent research from Aviva. The insurer also found that women (30%) are more likely to think financial lingo could be losing them money than men (23%). To understand the saving…
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Recoveries specialist The Zinc Group has announced a solid end to 2021 with the completion of two successful bids in the banking and finance sectors. The company says that the two new contracts follow a successful year that saw several new initiatives across the business in 2021. This included the launch of “Safe-Harbour” Zinc’s vulnerable…
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AutoProtect Group has announced that Mike Edwards has joined the business as Chief Sales and Marketing Officer. Edwards joins with extensive automotive experience from his role at Pendragon where he was Head of Finance & Insurance, and his previous 14-year tenure at Mercedes Benz Retail Group, most latterly as Group Finance & Insurance Manager. Edwards…
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Business decisioning data and analytics company, Dun & Bradstreet has announced the appointment of Susan McKay as International Chief Marketing Officer, based in London. McKeay will lead Marketing and Communications for Dun & Bradstreet’s International business, which incorporates the UK and Ireland, European markets, India, China, Hong Kong and Taiwan, as well as the company’s…
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