Credit, Collections & Insolvency News
The global economy is forecast to recover almost fully from the pandemic-driven recession but there are major divergences in the pace of recovery across the world, according to a new report from trade credit insurer Atradius. The report reveals the emergence of several bright spots in the global economy as the world battles to overcome…
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New research by free debt advice provider Financial Wellness Group, shows that people using Buy Now Pay Later (BNPL) loans are getting into problem debt younger. The average age of customers seeking debt advice with BNPL debts is 34, compared to 37 for those without BNPL debts. In fact, 40% of BNPL customers seeking debt…
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Data and technology company Aire has joined Innovate Finance, the independent industry body representing the global FinTech community in the UK. Aire said it will use the membership to advance its interest in policy and regulation as well as in gaining access to Innovate Finance’s global financial network as the credit bureau ramps up its…
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The Government has launched a call for evidence seeking stakeholders’ views on the Insolvency Rules that set out the detailed requirements for company and individual insolvency procedures in England and Wales. Stakeholders are being asked to share their views on the Insolvency Rules as they currently stand, including whether they provide an appropriate framework for…
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A new data-driven technology debt prevention company has launched with a vision which it says will enable organisations to better understand and support their customers. Connected Data, says that it will aim to transform an organisation’s debt and customer management processes by significantly simplify the deployment of predictive data and remove ‘data noise’. The company…
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