Credit, Collections & Insolvency News
Equifax has commented that the clock has started for Telco businesses to prepare for new data protection rules. Neil Compton, Telco and Utilities Director at Equifax said “Privacy and data protection are high on the agenda for consumers and regulators. Telcos are custodians of vast amounts of data and must start overhauling their procedures now to…
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Three-fifths (59%) of British adults say they are neither more pessimistic nor more optimistic about their personal finances following the UK’s vote to leave the EU, according to new research by insolvency and restructuring trade body R3. However, the R3/ComRes survey of over 2,000 British adults found that one-in-four (25%) say they are more pessimistic…
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Nearly a quarter of UK adults (23%) – 11.6 million people – are still struggling with last Christmas’ financial hangover, according to new research conducted on behalf of Debt Advisory Centre*. The average outstanding debt is £517 – suggesting that £6 billion borrowed last Christmas is still outstanding. Overall, 46% of people say that they…
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Supermarket giant Tesco has the worst payment performance amongst a list of the UK’s best-known retailers, taking an average of 105 days beyond terms to pay its suppliers. Iceland and Debenhams were the next two retailers on the list, taking an average of 75 days and 73 days beyond terms respectively to pay their suppliers.…
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Intrum Justitia and Lindorff have announced plans to create Europe’s leading debt collection credit management service. The two companies have a local presence in 23 markets across Europe and a team of more than 8,000 employees. By joining forces, both local and global clients will benefit from a strong pan-European platform, enhanced service offering, innovative…
Read moreThe Foundation for Credit Counselling, trading as StepChange Debt Charity and StepChange Debt Charity Scotland, has received authorisation from the Financial Conduct Authority (FCA). Following news of the approval of the charity’s application, Mike O’Connor, Chief Executive of StepChange Debt Charity, said “Our FCA authorisation is testament to the charity’s work in providing the highest…
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