Credit, Collections & Insolvency News
People living in the Eastern Central London postcode (EC) have the highest average credit scores in the UK, according to price comparison site MoneySuperMarket. Analysis of over 200,000 credit reports from MoneySuperMarket’s Credit Monitor has revealed that those in the EC area have the highest average credit score at 583 out of a possible 710…
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New research from TransUnion has revealed that the gap between traditional high street banks and digital challengers is rapidly closing. According to TransUnion’s latest Consumer Credit 2020 report, digital-only banks are only 3% behind their high street counterparts when it comes to consumer intent for current account applications. 10% of consumers said they plan on…
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Debt Purchaser Arrow Global Group has reported record investment volumes of £303.7 million in its full-year results, with investment volumes at a consistent 17% net internal rate of return. The company also saw that its profits before tax increase by 28.3 percent. Estimated remaining collections for the next 84-month period is at £1.8bn, which is…
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Dun & Bradstreet has announced that it has completed the purchase of Coaction.com an end to end receivables management platform The acquisition expands Dun & Bradstreet’s portfolio of finance solutions, helping clients automate credit-to-cash processes. The company says the move means Dun & Bradstreet, clients will now benefit from a growing portfolio of data and…
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