Credit, Collections & Insolvency News
It is imperative that collections organisations embrace the inevitable. In the next five to ten years, agent-led communication will no longer be the norm. The development of the use of technology is now not just an optional extra but a requirement to keep up with consumer demands Digital communication particularly the humble SMS is set to…
Read moreNearly 4,000 businesses ceased trading as increased financial uncertainty gripped the UK in the first quarter of 2017 (Q1). Marginally over two-thirds of the 3,967 insolvencies – 68% – were voluntary, with the overall number rising by 4.5% in real terms compared to the fourth quarter of 2016. The research, carried out on behalf of…
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The Central Bank of Ireland has released Ireland’s Money and Banking Statistics for April 2017. Drawdowns of consumer loans exceeded repayments by €158 million in April, the largest monthly increase since January 2011. The new lending largely comprises medium term loans, which typically include car loans, furniture and holiday loans. Here is an overview of the latest…
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Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to a new report published by Payments UK, the trade association for the payments industry. This latest forecast still does not herald the demise of cash – even in…
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Intrum Justitia has released a European Payment Report which has highlighted the increasing pressure on SMEs to accept longer payment times. The report findings include: Contrary to political ambitions, a new European Payment Report from Intrum Justitia shows that small and medium-sized enterprises (SMEs) across Europe need to accept longer payment times from other, often…
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TDX Group has announced that it has won the Nottingham Post Business Award for ‘Contribution to the Community.’ The win as thanks to the phenomenal efforts of its 360 employees who, in 2016, raised more than £97,000 for charities in and around the East Midlands. £89,266 of the total amount raised went to its charity…
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The Debt Advisor has announced that the company has secured full authorisation from the Financial Conduct Authority (FCA) to offer full advice and debt solutions including debt management to individuals. Beverley Budsworth, MD and Insolvency Practitioner, who originally set up the business in 1999 said :The business has grown over the years and is proud…
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