Credit, Collections & Insolvency News
International debt collection specialist Atradius Collections has appointed a new Country Director for the UK and Ireland. Yvette Gray has taken the helm at Atradius Collections – a business she helped bring to the UK 13 years ago. With industry experience built up over nearly three decades, Gray has been trade credit insurer Atradius since…
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Peer to peer lender Assetz Capital has announced that it has surpassed the £1 billion mark for lending to SMEs and housebuilders across the UK since 2013. As part of its business lending, Assetz Capital has been a key supporter of the UK housing market, funding a total of 4,846 new homes since its inception.…
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A new study has found that 33% of renters in the private sector, who are in debt, are now overburdened by debt repayment and nearly 28% face utility arrears.The study, from TASC (Think Tank for Action on Social Change), also reveals that only 40% of renters are able to save income on a regular basis.…
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Five energy suppliers have been issued final orders by Ofgem after failing to sign up to the smart meter network operator. The regulator previously consulted on issuing orders to nine suppliers but three have since complied and one has requested its supply licence be revoked after selling on all its customers Ofgem has issued final…
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Almost half of consumers are in some kind of financial debt, with 15% of those turning to illegal money lenders, according to new research from VoucherCodes.co.uk. The research found that 48% of respondents say they are in at least one type of debt (excluding mortgages), with credit card spending (78%) and overdraft repayments (44%) being…
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Insolvency and Restructuring trade association R3 has announced that it has appointed Liz Bingham OBE as it new Chief Executive Officer (CEO). Bigham joins R3 after a 35-year career in the insolvency and restructuring profession, during which she was a Managing Partner at EY, and was R3 President in 2013-14. Bingham replaces Emma Lovell, who…
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Chartsbridge has announced that it has selected public services software solutions company Civica, to deliver an enterprise cloud solution for its collections services. The agreement will provide Chartsbridge with improved visibility and control across regulated collections, recoveries and enforcement activities. The company says that harnessing the capabilities of the cloud, the platform comprises of five…
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