Credit, Collections & Insolvency News
Mike Davies has been appointed as Chief Operating Officer (COO) for TransUnion in the UK. Davies will lead the UK operations, optimising business processes to support continued growth. With over 20 years’ experience in operational and IT leadership, as well as business transformation and change management, Davies has previously held senior leadership roles across financial…
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Around 1.5 million businesses face a greater risk of having their energy supply disconnected than the average household, and of exploitation by unscrupulous energy brokers. This is all due to a lack of protections in the microbusiness market, according to a new report from Citizens Advice. Microbusinesses, which make up 96% of all UK businesses,…
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Moray Hulme has been appointed as Director of Mortgage Sales at Paragon, expanding his remit to include product development for mortgages alongside continued leadership of the regional sales team. Prior to his new appointment, Hulme was Head of Mortgage Sales at Paragon and successfully led the regional sales team for more than ten years. He…
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Oodle Car Finance has appointed Andrew Lawson as Chief Product Officer. Lawson joins Oodle from peer-to-peer lender Zopa, where he has held the position of Chief Product Officer. Prior to that, he held several senior positions at Oliver Wyman, Capital One Bank and Experian, specialising in driving data driven customer value growth across consumer businesses.…
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Credit card spending in September 2019 reached was 10.1 per cent higher than in September 2018 according to the latest Household Finance Update from UK Finance, with over £11 billion spent on cards. The level of credit card borrowing grew by 3% in the year to September 2019. Repayments have remained in line with credit…
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CashEuroNet UK’s owner Enova has announced that the UK arm of its business is to close. High-cost short term lender, CashEuroNet brands include QuickQuid and On Stride – a provider of longer-term, larger loans and previously known as Pounds to Pocket. Enova Chief Executive David Fisher said “Over the past several months, we worked with…
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