A new European Payment Report 2019, from European credit management services company Intrum, has indicated that an increase in bad debt losses following on from several years of decline means marking that the turning point from a recession may have already passed. Almost one-fifth of those surveyed (18 per cent) believe their country is already…

Independent Growth Finance (IGF), an independent commercial finance provider, has announced the appointment of John Allbrook as Non-Executive Chairman replacing Matt Cooper, who, during three years as Chairman, helped IGF transition from a small financier to a major independent asset based lender. Since leaving GE Capital in 2004 Allbrook has built an impressive track record…

The Bank of England has published its latest Mortgage Lenders and Administrators Statistics which indicate that arrears figures have decreased slightly. The proportion of total loan balances in arrears has continued to decrease, reaching 0.99%, the lowest since the series began in 2007 The figures indicated that the outstanding value of all residential mortgage loans…

New research from Experian has revealed that most customers (51%) are so fed-up with slow sign-up processes that many will simply abandon their application. At the same time, 74% of businesses say that improving customer experience is a critical or high priority, however 28% admit they are not sure they offer a friction-free service to…

The Co-chair of the All-Party Parliamentary Group on Fair Business Banking (APPG) has called on regulators to protect consumers and small businesses by banning the sale of debt to unregulated and inactive lenders. Charlie Elphicke MP and Martin Whitfield MP co-sponsored a main chamber debate entitled ‘Mortgage Prisoners and Vulture Funds’ which acknowledged that the…

Corporate recovery and professional services business, Begbies Traynor has announced that it has acquired Stoke on Trent insolvency practitioners, Dunion & Co. Dunion & Co was established in 2008 and provides the full range of corporate recovery services to businesses across Staffordshire, Cheshire and beyond, under the terms of the deal the company will remain…

The tenant fee ban could save UK renters £192 million a year, new analysis has found. Researchers scouring government data found there are some 860,000 rental transactions a year across the UK, with the average tenant is being charged £223 in fees alone. But under new laws set out in the Tenant Fee Act 2019…

The Consumer Credit Awards has announced the finalists for its 2019 event. The Awards are voted by consumers to find the best credit providers in the UK, the awards supports an annual campaign that asks customers to share their feedback about the credit firms they deal with. Following a ten-week voting period, over 20,000 customer votes…

The Money and Pensions Service (MaPS) has announced that Chief Executive Officer John Govett has resigned from his role due to an impending family relocation. Govett has led the team to transform MaPS, successfully integrating three services into one, focused on delivering our vision of everyone making the most of their money and pensions. His…