In this episode, Paul examines the struggle of households with their rent and mortgage payments, the impact of maintained interest rates, and the emotional toll this is taking on individuals. He also examines calls on banks, mortgage lenders, and utilities to lend a hand during the winter months. In addition, he touches on the report from the UK's Energy Security and Net Zero Committee and their recommendations for support and customer service from energy companies.
Paul looks at a fascinating report on the growing popularity and benefits of Buy Now Pay Later (BNPL) schemes, along with the news of Apple’s financial service ambitions. Learn how the BNPL scheme is helping users manage their cash positions and increase their credit scores, and discover how Apple's new Wallet is stepping up the financial service game.
Also, get an insight into the updated EU consumer credit directive and what it means for loans and creditworthiness assessments.
Listen in as Paul concludes the episode by discussing the potential of AI in facilitating and complementing lending processes.
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