Credit, Collections & Insolvency News
The British Banking Association’s (BBA) latest high street banking data shows that consumer borrowing through overdrafts, loans and credit cards grew at an annual rate of 6.7%. Other findings include: Gross mortgage borrowing totalled £13.8 billion in January, 6.3% higher than the same period last year Re-mortgaging approvals in January were 15.7% higher than January…
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The Insolvency’s Service has announced two new additions to it’s senior management team. Alec Pybus joins as Chief Operating Officer responsible for driving business performance across our frontline services, strategic and workforce planning and budget setting. Pybus previously worked as an operations director driving change at the Royal Mail. He replaces Graham Horne who has…
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European debt collections specialist Lindorff Group has announced it’s 2016 full year net revenue and adjusted EBITDA excluding non-recurring items (NRIs) were EUR 647million and EUR 433 million, representing an increase compared to last year of 21% and 24% respectively. Lindorff‘s full year collection performance on its own portfolios was at 106 percent of active forecast. In…
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Profits for British Gas’ owner Centrica have risen by 4% to £1.515bn over 12 months, whilst profits from British Gas’ residential energy supply business fell 11% last year to £553m. Iain Conn, Chief Executive of Centrica “The big message is that it’s very competitive out there actually, We have seen increased metering and other costs…
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The Office of National Statistics (ONS) has published an interactive housing affordability calculator, allowing users to see what level of household income they might expect to need in order to be able to get a mortgage on an entry-level property in their neighbourhood. The calculator uses some assumptions about the size of the deposit, the multiples…
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NatWest is set to launch a new digital platform to allow small and medium sized businesses to quickly obtain unsecured loans of up to £150,000. Esme Loans gives customers a fast decision on their lending application which, if successful, will result in rapid funding, potentially within an hour. Customers will also benefit from no early…
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