Credit, collections & insolvency news
Here is an overview of The Money Charity’s latest statistics for February 2019: Personal debt in the UK People in the UK owed £1.625 trillion at the end of December 2018. This is up from £1.576 trillion at the end of December 2017, an extra £935.34 per UK adult, £81.72 higher than the previous month. The average total debt per…
Read moreOfgem has issued a provisional order on energy supplier Solarplicity, banning the energy supplier from taking on new customers and increasing vulnerable customers’ direct debits, due to its poor switching process and customer service. The ban will remain in place for three months unless Solarplicity significantly improves by: Ensuring customer contact channels are improved, managed…
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Loans specialist 1st Stop Group has joined the London Stock Exchange Group’s international business support and capital raising ecosystem platform called ELITE. 1st Stop Group offers car finance loans, secured second charge mortgages and unsecured personal loans to UK customers, serving customers who are not able or not wishing to borrow from high street lenders.…
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LendingMetrics has announced it has signed a record number of contracts with new lenders during the first seven weeks of the year. Between January 1 and February 19, the auto-decisioning specialist gained 26 additional UK customers. The companies will be using either LendingMetrics’ Open Banking platform, OpenBankVison, or its automated-underwriting software, ADP, both of which…
Read moreCoface has shared its vision of the major trends in the world economy in 2019 with businesses at its annual conference. Coface says that an increasing number of pitfalls, such as escalating political risk, the high volatility of commodity prices, and supply constraints, began to slow world growth in late 2018 and cast a shadow…
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Duff & Phelps has announced that Ben Collett has joined the firm as a Managing Director in its Restructuring Advisory practice. Working across the firm’s Birmingham, Manchester and London offices, Collett will focus on providing advisory services to corporate clients across the UK and Europe. He joins the firm from IMI Precision Engineering, where he…
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