Credit, Collections & Insolvency News
Google has announced new steps to restrict debt services advertising only to firms meeting new accreditation standards. These will be subject to an application and approval process, and will take effect from mid-November. Debt charity, StepChange has said that it welcomes this intervention and now urges other digital advertising platforms to adopt a similar approach.…
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UK consumer confidence fell by one percentage point (to -9%) in the third quarter of the year, returning to a level last seen in the final quarter of 2018, according to the latest Deloitte Consumer Tracker. Whilst consumer confidence continues to be hit by macroeconomic uncertainties, real wages remain high and were reflected in consumer…
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The Irish Central Bank has published its Household Credit Market Report for 2019 as well as data and commentary on new mortgage lending under the mortgage measures during the first half of 2019. The report has found that Household debt-to-disposable-income (DTI) continued to decline, but remains the fifth highest in the EU. Household debt stood…
Read moreAccountant in Bankruptcy (AiB) has released official statistics reporting personal insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland fell by 1.7% in July-September 2019 compared with the previous quarter (April-June 2019), but rose by 12.6% compared with the…
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Toto Energy, an energy supplier with around 134,000 domestic customers has ceased to trade. Under Ofgem’s safety net, the energy supply of Toto Energy’s customers will continue and prepayment meters can be topped up as normal. The outstanding credit balances of customers will be protected. Ofgem will choose a new supplier to take on all…
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FundingSecure, a regulated Peer-to Peer (P2P) firm, has been placed into administration and has appointed CG Recovery as administrators. Funding Secure operates a P2P lending platform through a website facilitating crowdfunded loans which are used to fund the purchase and development of property, as well as pawn-broking style loans secured on items of value. In…
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Eckoh has announced that has achived ts tenth year of compliance to the Payment Card Industry Data Security Standard (PCI DSS) at level 1, the highest level. Nik Philpot, CEO at Eckoh said “This is a tremendous achievement and a testament to the dedication, vigilance and hard work of every Eckoh employee – day in,…
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