Credit, Collections & Insolvency News
There were more small claims decrees for debt against Scottish consumers in Quarter 1 (Q1) 2017 than in any other first quarter on record, according to figures released today by Registry Trust. In the first quarter of the year, 6,879 debt decrees were registered against consumers in Scotland, over a third higher than the same…
Read more
Bibby Financial Services (BFS) has appointed Craig Durnell as Managing Director for its export finance business. First joining BFS from RBS in 2014, Craig has held a variety of roles at the independent funder, including head of operations, and most recently, head of South West business centre. Prior to joining RBS, Craig spent more than…
Read more
Phoenix Commercial has launched a new High Court Enforcement service. Paul Caddy, Managing Director and Authorised High Court Enforcement Officer (AHCEO) has brought together an experienced High Court team, headed up by Nicola Harrington-Carter as Director of High Court Services. Harrington-Carter a former Director at The Sheriffs Office, brings with her Melissa Church as Marketing…
Read more
Companywatch has appointed Jo Kettner (née Roberts) as its new Chief Executive Officer (CEO). Kettner takes over the firm’s leading executive role from co-founder and former CEO Denis Baker who will remain with the firm as a board director and full-time member of staff. Since 2003, Kettner has held a number of roles at Company Watch. Initially…
Read more
New research from Gocompare.com finds that young people’s financial reliance on their parents could be putting families under pressure. The Bank of Mum and Dad picks up bills for food, mobile phones, clothing, cosmetics and transport – as well as treats. The research, commissioned by Gocompare.com Money, looked at the financial help parents of 17…
Read more
A study, by the International Longevity Centre-UK (ILC-UK), supported by the Building Societies Association (BSA) has found that borrowing into older age is likely to move from niche to mainstream within the next decade. The amount of mortgage debt held by over 65s is set to increase by more than £19 billion by 2030 (from…
Read more
A total of 196,909 court fines imposed since 2011 in Ireland, worth a total of €48.5 million, remain unpaid. The latest figures from the Courts Service of Ireland show that the rate of evasion is increasing, with €16.5 million overdue at the end of 2017 compared to €7.5 million in 2011. Jim O’Callaghan, justice spokesperson…
Read more
The Mortgage division of Secure Trust Bank has agreed a strategic partnership with Optima Legal, as the firm looks to make headway in the ‘fee assisted’ remortgage market. Secure Trust Bank’s new Mortgage team will work with Optima Legal to ensure that new mortgage instructions are dealt with as quickly and smoothly as possible for…
Read more
Arrow Global has completed its £14 million acquisition of Italian business Zenith Service S.p.A, having received regulatory approval from the Bank of Italy. Zenith is also a leading servicer of salary assignment loans , managing about €1.9 billion of CQS assets. In June 2016, the estimated stock of the securitized market for CQS in Italy…
Read more
Russell Hamblin-Boone is to step down after five years at the helm of the Consumer Finance Association according to Sky News reports. His departure also appeared to be confirmed on Linkedin. An announcement confirming his formal departure is expected to be confirmed soon.
Read moreAn online building products supplier has been fined £55,000 by the Information Commissioner’s Office (ICO) after the firm failed to protect its customers’ personal information. Construction Materials Online Ltd (CMO) was unaware its website contained a coding error which left it vulnerable to attack. On 6 May 2014 an attacker used a common hacking technique…
Read more