Bluestone Credit Management is proud to provide a highly ethical credit management service. Effective credit management supports people seeking to work their way clear of credit issues and minimises the cost of bad debt on the wider community. Treating customers fairly with dignity and integrity is an essential part of the way Bluestone works. For press comment or speaking engagements please contact our PR agency at info@rocketperformance.co.uk. All requests will be swiftly channelled to the appropriate person.
Our colleagues had a great week engaging with Time To Talk Day 2025.
From sharing mood-boosting recipes to offering herbal teas for colleagues to make a brew for each other, it was a great opportunity to connect.
We also sparked honest conversations around mental health, helping to break down barriers.
Under energy regulator Ofgem’s latest energy price cap, announced on February 25th, gas and electricity bills for around 22 million homes in England, Wales, and Scotland will rise by 6.4%, which is higher than expected.
The price cap is set every three months and limits the amount suppliers can charge for each unit of energy. It is increasing due to the rise in ‘wholesale costs’—the amount suppliers must themselves pay for their gas and electricity—which have been climbing globally, particularly the price of gas.
Mortgage arrears serve as a significant indicator of consumer and broader economic health, making the latest data from UK Finance particularly welcome. Compared to the previous quarter, mortgage arrears experienced a slight decline in Q4 2024. Following a peak in Q1 2023, they seem to be on a confirmed downward trend.
Looking at the data in a little more detail, in Q4, 92,170 homeowner mortgages were in arrears of 2.5% or more of the outstanding balance, 2% below the Q3 position.
Assessing the repossession data, the numbers are, on the face of it, more concerning but should be viewed in their long-term context. 1,030 homeowner-mortgaged properties were repossessed in Q4, 12% up on the previous quarter.
We are delighted to announce the appointment of Simon Frost to Bluestone Credit Management in the newly created role of Head of Business Development. Appointing someone of Simon’s calibre and experience is, as our MD Deborah Stokes reflects, a move that signals the business growth intentions in the years ahead;
“As a long established credit management business, at Bluestone Credit Management, we have a great track record of supporting a broad range of clients across the financial services, utilities, and public sectors. From these solid foundations, we aim to broaden our client base, and with Simon, we have recruited someone with industry experience and a great track record to help us achieve this goal. I’m excited to welcome him to the team.”
With interest rising from their historic lows, some people may be worrying about whether this will impact their credit score.
In itself, the answer will be no, but that does not mean that lenders might become more cautious in their lending activity, which in the case of ‘risk-based pricing’, where the interest rate lenders charge customers is linked to the risk assessment of an individual undertaken by lenders using this model.
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