Credit, Collections & Insolvency News
The majority of University students in the UK do not feel as though they have sufficient money to live on while studying, new research from KnowYourMoney.co.uk has revealed. The financial comparison website has commissioned a survey of more than 1,000 people who are currently doing an undergraduate degree at a UK university. It found 54% believe…
Read more
The Vulnerability Registration Services (VRS) has been formally unveiled as the UK’s first central register for vulnerable people. The launch took place on Wednesday 11th September in central London, at the Royal Society. The event was attended by senior decision-makers from a broad range of industries, including, but not exhaustive of: banks; building societies; debt…
Read more
Cabot Financial, the UK debt purchase arm of the Cabot Credit Management group, has launched a new graduate analytics programme, with four new recruits. The programme, aimed at those seeking a long term career in analytics, is set to run for two years and the graduates will get the opportunity to work in four of…
Read more
Lloyds Bank has announced that it has developed a cutting-edge new tool – built by experts in fraud prevention, software engineering and data science – to hunt down fraudsters before they have a chance to strike. Despite increased awareness in recent years, one in 10 adults say they have been the victim of a financial…
Read more
One of the largest guarantor lenders, UK Credit, has secured over £17.5 million in funding from Paragon. It is the latest deal for Paragon’s Structured Lending team, which has already provided over £130m of funding across a range of specialist lenders spanning consumer finance, point of sale funding, SME lending and property backed finance. Lewis…
Read more
Specialist Motor Finance (SMF) has appointed Jimmy McGuire as National Sales Director. McGuire brings more than 20 years’ experience within the motor trade and financing industry to the role. Prior to joining SMF, McGuire was national sales manager for Advantage Finance which provides motor dealers with an alternative lending source. He joined Advantage as a…
Read more
Leeds-based automotive F&I specialist Dealtrak welcomed four new faces to the team last month, which add to the nine appointments and promotions announced in June. Integrated with 200 partners and counting – and with a new interface currently in development alongside international software engineering firm, Godel Technologies – the Leeds tech hub announced the creation…
Read more
UK’s leading fraud prevention service, Cifas has revealed that mortgage fraud has seen a 5% increase in the first six months of 2019 compared to the last six months of 2018. The figures are released as part of the Cifas ‘Faces of Fraud’ campaign, which aims to highlight the fact that what some view as…
Read more