Credit, Collections & Insolvency News
The Central Bank of Ireland has published its latest Household Credit Market Report. The report collates information from internal and external sources to give an up-to-date picture of developments in the household credit market in Ireland. The report finds that Irish households continued to reduce their debt-to-income and debt-to-asset ratios during Q4 2016 but indebtedness…
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The UK Cards Association has released its latest car expenditure statistics for March 2017 Highlights from the statistics include: Payment card spending in March 2017 was £57.8 billion, up by £335 million (0.6 per cent) on February Contactless payments amounted to 32 per cent of card purchases, an increase from 15 per cent a year…
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Debt Purchaser Lowell has announced its company results for the period 1 January to 31 March 2017. These results show the benefits of the Group’s ongoing portfolio expansion and diversification, as well as its continued consumer focus. Financial Highlights: 37% y-o-y increase in Cash Income to £148m …
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Independent Growth Finance (IGF) has announced the appointment of three senior hires at its offices in London and Manchester with a new ABL Director and two Regional Sales Directors joining the firm. Jamie Gould will join IGF Business Credit as ABL Director for London and South East, Gould has over 35 years’ experience in the alternative finance…
Read moreEnergy UK has commented on the Conservative manifesto to implement a price cap. Lawrence Slade, chief executive of Energy UK said: “The energy industry stands ready to work with the next government to help deliver an energy system that works for everyone. “Targeting support for vulnerable customers and making sure the market works fairly for everyone…
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The High Court Enforcement Officers Association (HCEOA) has announced that David Asker, Authorised High Court Enforcement Officer (AHCEO) and Director of Corporate Governance at The Sheriffs Office has been elected to join the board. The HCEOA, formerly The Sheriffs Officers Association, was founded 130 years ago, with its core aim to represent its entire members and…
Read moreThe Credit Services Association (CSA) has confirmed the appointment of its new Board and their respective Portfolios. Adam Wonnacott has been appointed to the new Portfolio of Sales/Services to Members, with a particular focus on developing non-membership revenue streams. Stuart Sykes takes responsibility for another new Portfolio, Technology, while Leigh Berkley, the past-President, takes on…
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