Credit, Collections & Insolvency News
Paul Smee Director General, at the Council of Mortgage Lenders (CML) will leave his post after the UK Finance merger takes place. Smee said: “I will be moving on at an appropriate moment after the formation of UK Finance. I want the new body to land well.” UK Finance is expected to launch in July.Before joining the…
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Debt Advice Provider Stepchange has launched an election briefing calling on parties to help struggling households this Election. Here is an overview of Stepchange’s statement: 8.6 million households are using credit for everyday living expenses, including 1.1 million having to turn to high cost credit. These are households who might be managing for now but are increasingly…
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Nordic Capital Fund VIII, currently the indirect majority shareholder in Lindorff, notified the European Commission of the intended combination of Intrum Justitia and Lindorff. Based on its initial investigation, the European Commission has informed the parties of potential competition concerns in five Nordic/Baltic markets, relating to both debt collection and debt purchasing in each market.…
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Before we get into the detail, it is important to understand I’m not a qualified accountant. My area of expertise is the data, software and insights that facilitate customer interactions and collections strategies and by my very nature I am a practical person. In my day-to-day work I look for real tangible solutions to changes…
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The manufacturing sector is acting as the primary driving force behind business confidence in the UK, according to the latest results (Q1 2017) from the UK’s Credit Managers’ Index (CMI). The Index – which is the quarterly barometer of the Chartered Institute of Credit Management (CICM) – also reports a reduction in market volatility with…
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