Credit, Collections & Insolvency News
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 car finance new business volumes grew in July 2025 by 1% compared with the same month in 2024. The corresponding value of new business grew by 4% over the same period. In the seven months to July 2025, new business volumes were…
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The Financial Conduct Authority (FCA) has issued a warning over scammers posing as car finance lenders, highlighting concerns over fraudsters offering fake compensation in exchange for personal details, such as names, addresses, birth dates and bank information. The regulator clarified that no car finance compensation scheme is currently in place, despite recent announcements about potential…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes grew in June 2025 by 5% compared with the same month in 2024. The corresponding value of new business grew by 9% over the same period. In the first half of 2025 (H1), new business volumes were…
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Motor finance customers are likely to receive less than £950 in compensation after the Financial Conduct Authority (FCA) announced it will consult on an industry-wide compensation scheme. Many motor finance firms were not complying with rules or the law by not providing customers with relevant information about the commission paid by lenders to the…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in May 2025 by 2% compared with the same month in 2024. The corresponding value of new business grew by 1% over the same period. In the first five months of 2025, new business volumes were…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in April 2025 by 5% compared with the same month in 2024. The corresponding value of new business fell by 2% over the same period. In the first four months of 2025, new business was 1%…
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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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