Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures. The data, obtained under the Freedom of Information (FOI) Act by the Parliament Street think tank’s cyber research team, reveals the extent to which financial services organisations and banks have been targeted by financial criminals…
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One in 10 businesses have admitted they are at risk of insolvency due to the pandemic. The figure is revealed in the latest business impact of coronavirus survey from the Office for National Statistics (ONS) which shows 10 per cent said their enterprise is at ‘moderate risk of insolvency’ and one per cent put the…
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The Government has extended a ban on evictions for another four weeks with a new six month notice period set to be put in place until at least 31st March 2021. The new amendment means that renters affected by coronavirus will continue to be protected after the government extended the ban on evictions for another…
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Two thirds of the public think that vital public services, such as social care, are put at risk when people who can pay their council tax don’t, according to a new YouGov survey. Over 80 per cent of the public think that this would continue or get worse if local councils didn’t use bailiffs to recover…
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European credit management specialist Lowell has announced its latest company results for the quarter ending 30th June 2020. The results showed growth in cash income with EBITDA at £120million. Colin Storrar, Group CEO, at Lowell said “I am very proud of these results. We continue to deliver robust performance founded on resilient collections and agile…
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G3 Vehicle Auction has launched a £12 million vehicle marketplace by announcing plans to open a new purpose-built facility, located off Junction 32 of the M62 in Yorkshire. Independently owned and operated by seasoned industry experts Matt Dale and Amanda Holtby, G3 are investing in the UK’s largest purpose-built independent auction and refurbishment development for…
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