Credit, Collections & Insolvency News
Kier Construction has been reinstated to the Prompt Payment Code following a sustained period of improvement in its payment practices governed by the Chartered Institute of Credit Management (CICM). The reinstatement follows the implementation of its action plan, which was approved by the CICM and focuses on supplier engagement & compliance, process simplification, guidance &…
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The government has launched a new online service that will enable graduates to easily keep track of their student loan accounts as part of improvements to the repayment system. Millions of graduates will be able to bin their paper statements and access their student loan account online as part of a major revamp to the…
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Annual household bills have risen by £112 during the past year, according to new statistics from comparethemarket.com. The research which analyses the cost of energy, home and motor insurance since 2015 has shown a relentless rise in bills for households across the country. On average, people are spending £2,707 on these three products over the year…
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Collections specialist, Hoist Finance is one of the first in the debt collections sector to use Rich Communications Service (RCS), a new messaging technology which will replace SMS (texting) on Android smartphones. The new technology provides customers with a two-way conversational and transactional interaction. Hoist says RCS will enable better engagement with its customers via…
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Credit Connect Media will host its first free live webinar in February. The webinar titled “How to accelerate effective collections with digital transformation” will be the first of a series of webinars looking at the latest thematic innovations enhancing collections strategy. The first partner for the webinar will be Lightico, winner of the Contact Centre…
Read moreAround one in three (33.8%) Scottish-registered companies had a higher than usual risk of insolvency in December, according to new research from insolvency and restructuring trade body R3 in Scotland. The equivalent figure for the UK overall is higher, at over two in five (41.1%), while the South East of England is the region with…
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