The 2018 Credit & Collections Technology Awards have now opened for entries. Launched in 2017, the second annual awards seek to recognise excellence in credit and collections technology. The Credit & Collection Awards powered by Credit Connect and judged by independently selected judges from across the industry, who have the enviable task of celebrating the best and greatest innovations in credit and…
Read morePayday lenders have been named and shamed as the most unhealthy form of credit available in the UK, in a report launched in Parliament by RSPH, at an event attended by MPs and campaigners – including actor Michael Sheen – from the End High-Cost Credit Alliance. RSPH is calling for action to end the marketing…
Read moreThe number of people living in absolute poverty has fallen by 1 million since 2010, according to statistics by the Department for Work and Pensions (DWP). Figures show that children are around 5 times more likely to live in poverty if they live in a workless household, compared to a household where all adults work. The…
Read moreThe Central Bank of Ireland has published its latest mortgage arrears data, Highlights from the report includes: The number of mortgage accounts for principal dwelling houses (PDHs) in arrears fell further in the fourth quarter of 2017; this marks the eighteenth consecutive quarter of decline. A total of 70,488 accounts (10 per cent) were in…
Read moreProblems with late invoice payments are affecting around one in eight Scottish firms, according to new indicative research by insolvency and restructuring trade body R3. The latest edition of R3’s regular Business Distress Index, which looks at measures of business success and distress across the UK, indicates that 12% of firms in Scotland are currently…
Read moreLatest data released by Creditsafe has revealed that, on average, Formula 1 teams pay 16% of their invoices late by an average of 10.5 DBT (days beyond the agreed payment terms), despite a combined turnover of over £3.6 billion. Red Bull was found to be the worst offender, paying almost a third (31%) of its…
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