Credit, Collections & Insolvency News
The ONS has published details of living arrangements, highlighting that 60.5% of the adult population were married or cohabiting in 2024. The data showed that a quarter (25.1%) of those aged 16 to 29 years lived in a couple, compared to over 70% of those aged 30-64. Meanwhile, 36.8% of people had never married or…
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UK SMEs say specific Government initiatives designed to help them survive and grow don’t go far enough, according to new research from independent funder, Bibby Financial Services (BFS). The Q3 2025 SME Confidence Tracker, which surveys 1,000 UK SMEs, reveals that over half (52%) of small businesses believe measures such as the Fair Payment Code,…
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Pepper Advantage has appointed OSB Group Chief Executive Andy Golding as the company’s first group board Chair. Golding joined OSB Group in December 2011 and under his tenure, the company has grown its deposits and loan originations, strengthened its capital and liquidity position, and increased its position in the UK market. Previously, Golding served as…
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Renters are left with just an average of £440 of disposable income each month after paying for bills and essentials—almost half the £872 reported by homeowners. Yet despite tighter budgets, renters are more proactive in managing their money, with 27% checking their credit score monthly compared to just 20% of homeowners, according to new research…
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Rising insolvencies and supply chain shocks are quickly depleting emergency cash cushions, according to trade credit insurer Atradius. The report shows that UK SMEs face a widening resilience gap— the difference between the cost of escalating business risks and the limited accessible liquidity they hold to withstand them. Cash buffers that once offered protection are…
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Concerns over fraud have escalated sharply across the UK financial sector, with 68% of firms saying they are more worried about it today than 18 months ago, according to a new report from Dun & Bradstreet. The data showed that 82% of UK financial services organisations say they are ‘concerned’ about fraud risk, and among…
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The weakening jobs market is finally affecting pay packets, with wage growth in the private sector slowing sharply over the summer according to the Resolution Foundation in response to the latest ONS labour market statistics. The number of payrolled jobs was little changed in August with a small rise of 10,000 compared to July and…
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New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in August 2025 fell by 3% compared with the same month in 2024. In the eight months to August 2025, new business was 1% higher than in the same period in 2024.…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 10% in August 2025. 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 consumer car finance new business volumes fell in August 2025 by 5% compared with the same month in 2024. The corresponding value of new business was 1% lower over the same period. In the eight months to August 2025, new business volumes held…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in August 2025 by 2% compared with the same month in 2024. In the eight months to August 2025, new business in this market was 4% higher than in the same period in 2024. The credit card and…
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Connected Data has announced that it has appointed Simon Gregory as its new Sales Director. Gregory brings a wealth of experience in data, software, and services sales, with a proven track record of driving customer-centric outcomes and leading complex data sales initiatives. Prior to joining Connected Data, Gregory led the Sales function at Data on…
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New research by the Personal Finance Research Centre at the University of Bristol, in partnership with Ofgem and StepChange Debt Charity has highlighted the critical role that effective referrals from energy suppliers to free debt advice can play in supporting households with energy debt, and where the energy sector can do more to protect vulnerable…
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