Credit, Collections & Insolvency News
Specialist lender, Just Cashflow has announced the launch of a significantly enhanced Broker Portal. The portal aims to increase the speed, efficiency and security of the application process and utilises leading fraud prevention software. Just Cashflow’s Executive Chairman John Davies said ”The enhancements to our portal have been driven by feedback from Brokers. The result…
Read more
New figures have revealed that over 1.17 million businesses in the UK have received finance from lenders through the government-backed coronavirus lending scheme. The banking and finance industry has now provided over 1.1 million small and micro businesses with £33.7 billion through the Bounce Back Loan Scheme (BBLS). The Coronavirus Business Interruption Loan Scheme (CBILS)…
Read moreCommercial finance provider, Independent Growth Finance (IGF)has appointed Adam Bradbury as ABL Business Development Director. Bradbury joins IGF after two years at BNP Paribas Commercial Finance, as Business Development Manager. Bradbury joins the business to support IGF’s growth in the North of England, with a specific focus in Manchester. He will be working alongside commercial director…
Read more
Global FinTech, DirectID, has announced the launch of its collections and recoveries solution that the company says will simplify and streamline the collections process for both collections agents and their customers. Using bank data, collections agents will have an up-to-date and accurate view of a customer’s financial statement and an assessment on their disposable income,…
Read more
The Financial Conduct Authority has announced that it will introduce a ban on discretionary commission models. The ban, follows a consultation in October 2019. Currently, some car retailers and motor finance brokers receive a commission that is linked to the interest rate that customers pay – creating an incentive to sell more expensive credit to…
Read more