Credit, Collections & Insolvency News
Over the past year, Telrock Systems has promoted a series of articles covering the challenges facing the collections industry. In those articles, we have highlighted how omnichannel collections software-enabled systems can help your business rise to those challenges. The articles can be viewed in more detail at http://www.telrock.com/resources. They discuss how modern collections software systems,…
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Tens of thousands of businesses will receive insurance payouts covering losses from the first national pandemic lockdown. The ruling from the Supreme Court has delivered its judgment in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The Supreme Court has substantially allowed the FCA’s appeal on behalf of policyholders. This completes the legal process for impacted…
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Nearly a third of people (34%) organising a funeral for a COVID-19 related death has been pushed into financial difficulties according to Sunlife’s ‘Cost of dying’ report. The report also reveals that funeral costs have risen for the seventeenth year in a row, with the average cremation now costing £3,885 and the average burial £5,033,…
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The Government must immediately stop all bailiff doorstep visits to prevent serious risks to public health, a coalition of charities has warned. Taking Control, a group campaigning for regulation of the bailiff industry, is urging the government to extend the suspension of bailiff enforcement of rental evictions (announced on Friday 8th January) to include a…
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Irish personal finance provider Permanent TSB has signed up to use Experian’s banking categorisation technology to improve its customer lending journeys. The solution produces high levels of accuracy, so Permanent TSB can treat customers fairly and deliver improved outcomes. The categorisation engine is an Irish-specific version and is the first in the market within the…
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A new report by the Joseph Rowntree Foundation has suggested that the poorest families hardest hit by pandemic will find it hard to recover. The ‘State of the Nation’ report, warns that ministers must make tackling poverty an economic priority in 2021 or they risk being defined by a record of worsening hardship. The report…
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