Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in March 2025 by 11% compared with the same month in 2024. The corresponding value of new business grew by 18% over the same period. In Q1 2025, new business was 3% higher by volume compared…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in February 2025 by 2% compared with the same month in 2024. The corresponding value of new business grew by 5% over the same period. In the first two months of 2025, new business was 3%…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in January 2025 by 3% compared with the same month in 2024. The corresponding value of new business grew by 4% over the same period. In the twelve months to January 2025, new business was 2%…
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The biggest loans taken out by UK adults are for car payments according to new research by GoCompare. Analysing data on loans secured since September 2022, the study found that motorists took out an average loan of more than £10,700 to put towards their new vehicles. This highlights that buying a car remains one of…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes held steady in December 2024 compared with the same month in 2023. The corresponding value of new business grew by 6% over the same period. In 2024 as a whole, new business was 2% lower by volume…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in November 2024 by 2% compared with the same month in 2023. The corresponding value of new business grew by 4% over the same period. In the eleven months to November 2024, new business was 2%…
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New figures by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023. The corresponding value of new business fell by 1% over the same period. In the ten months to October 2024, new business was 1% lower…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in September 2024 by 4% compared with the same month in 2023. The corresponding value of new business increased by 8% over the same period. In the first nine months of 2024, new business was 2%…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in August 2024 by 2% compared with the same month in 2023. The corresponding value of new business fell by 1% over the same period. In the eight months to August 2024, new business was 2%…
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The FCA has today announced that it has extended the pause to the deadline for motor finance firms to provide a final response to customer complaints regarding discretionary commission arrangements (DCAs) which could impact car finance providers until December 2025. In January 2024, the FCA announced a review into whether motor finance customers have been overcharged…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in July 2024 by 1% compared with the same month in 2023. The corresponding value of new business increased by 2% over the same period. In the seven months to July 2024, new business was 2%…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in June 2024 by 11% compared with the same month in 2023. The corresponding value of new business decreased by 10% over the same period. In the first half of 2024, new business was 3% lower…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in April 2024 by 8% compared with the same month in 2023. The corresponding value of new business was 7% higher over the same period. In the first four months of 2024, new business by both…
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