Credit, Collections & Insolvency News
The number of families with children at home who are struggling to pay their bills during lockdown has leapt to its highest level. According to comparethemarket.com’s Household Financial Confidence Tracker, 30% of parents with children at home found it difficult to meet their financial obligations over the past seven days. This represents a seven percentage point rise…
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Championship football club Wigan Athletic have entered administration. Wigan becomes the first club in professional English football to enter administration following the coronavirus pandemic. This comes just four weeks after Hong Kong-based consortium Next Leader Fund took over the Championship club, promising to secure its future. Paul Stanley, Gerald Krasner and Dean Watson from Begbies…
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Which? is calling for action to help the most vulnerable after it found that more than a quarter could be at risk of going hungry because they have faced difficulty accessing basic food and essential groceries. With shielding measures due to end soon in some parts of the UK, the consumer champion is calling on…
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Arum has announced two senior promotions within its senior leadership team. Cormac O’Sullivan (formerly Delivery Lead and Principal Consultant) will take on the new role of Director of Professional Services, and Matt Riddall (also formerly Delivery Lead and Principal Consultant) will become the new Director of Advisory. O’Sullivan has worked at Arum for six years,…
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The Covid-19 pandemic crisis is forcing British businesses to accept unfavourable payment terms, according to a white paper published by credit management group Intrum. The survey found that 80 per cent of the UK’s businesses have accepted longer payment terms than they are comfortable with as they do not want to damage client relationships. This…
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The Payment Systems Regulator (PSR) has confirmed that it’s new fraud-prevention tool – referred to as Confirmation of Payee (CoP) has now reached widespread usage providing additional protection to consumers and businesses. Confirmation of Payee allows users the opportunity to check the name of the person they wish to pay against the account number they…
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The deadline for entries into the 2020 Credit & Collections Technology Awards has just two weeks over to go, with submissions required by Thursday 2nd July. The Awards are powered by Credit Connect and judged by an independently selected panel from across the industry, who have the enviable task of celebrating the best and greatest…
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