Credit, Collections & Insolvency News
One in three consumers shopped ‘blindly’ this Christmas – by not checking their bank balance before, during or after hitting stores and retail websites according to latest research by Asda Money Despite 77 percent setting a typical budget of £539 the study of 2,000 adults found overall one fifth spent more than they intended to.…
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The impact that Christmas has on business depends on where you are in the world. In some countries like the US – Christmas is just one day. When you get to a country like Ireland, Christmas starts around the 1st December and ends sometime in the middle of January. To compound the problem for a…
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By the end of November, the UK’s largest companies and LLPs should have started submitting their first round of data concerning their payment policies, practices and performance. The Department for Business, Energy & Industrial Strategy (BEIS) introduced this half-yearly reporting cycle from 6 April 2017 with the explicit hope of reducing late payment to SMEs.…
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Decisioning software specialist LendingMetrics is set to launch a new Open Banking service in 2018. The “Open Bank Vision” campaign will launch in early 2018 as a free service. There will be zero setup fees, transaction fees, account fees, or indeed fees of any nature. The company has also emphasised that this is not an introductory offer,…
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It has been reported in ‘Scottish Financial News’ that Scots who pay off outstanding debts could continue to be penalised because the authorities are not being informed of payments, the Registry Trust says. The warning comes from Malcolm Hurlston CBE, chairman of Registry Trust, the non-profit organisation which collects decree and judgement information from jurisdictions across the…
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Credit broker John Charcol has appointed Matthew Jackson as its new Head of Sales. Jackson joins from Niche Finance Group where he was Senior Associate Director responsible for managing a team with an annual turnover of £9m. Previously he has worked at Countrywide Mortgage Services and Connells Group. In his new role at John Charcol,…
Read moreThe debt advice industry will have to look beyond funding barriers and embrace new technology to get the best outcomes for clients in debt according to a survey of delegates carried out before the Money Advice Liaison Group (MALG) Conference at the end of November. The survey showed that while almost half of the respondents feel…
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