Credit, Collections & Insolvency News
Insolvency practices Peter Hall, Benedict Mackenzie, and PCR LLP have announced that they have merged to create a new practitioner group. The merger of three companies has created a new professional services practice, SKSi. The company says that as a professional services company, SKSi will provide insight and advice to guide businesses through the everchanging…
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Two-thirds (66%) of consumers wait over a year to do something about their debts according to new research from debt advice specialist PayPlan. The report also shows that 73% feel embarrassed to reach out for debt support and A third of people put off help as they don’t want their friends or family to find out…
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Marking the start of the Debt Awareness Week, debt charity StepChange is encouraging people to take TheFirstStep towards getting debt help, by opening up the conversation around debt and removing the stigma that can surround financial problems. Debt Awareness Week is the charity’s annual campaign to raise awareness of problem debt and remind people that…
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Research from global information and insights provider TransUnion has revealed an increase in optimism around household finances in the UK. More than half (54%) of those surveyed now feel optimistic about their current financial situation, up from 42% at the end of 2020. The confident outlook coincides with the successful UK rollout of the Covid-19…
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After facing the biggest challenges on record in the past 12 months, SME leaders believe there is light at the end of the tunnel, with a third optimistic about the year ahead, research from Nucleus Commercial Finance has revealed. The research found that younger business owners (those aged between 18 and 35) are most optimistic…
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KM2 Ethical Finance has announced that it has appointed two highly experienced Non-Executive Directors to assist its executives in the company growth. The company says it has already experienced significant growth in 2021 and is assembling a board of experienced and highly respected professionals from the world of fraud analytics, debt recovery, start-up expansion and…
Read moreVulnerability Registration Service (VRS) and newly launched end-of-life account closure service Settld have announced a ‘one-stop’ vulnerability and bereavement facility partnership which they say will help banks, utilities, insurers and other service providers to better identify those in difficulty. Online startup Settld, removes much of the hassle associated with having to individually contact banks, insurers, mobile…
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Experian says a lack of understanding around credit ratings has been exposed, with new consumer insights revealing low levels of engagement and knowledge about how credit reporting and scoring work. The research found that nearly half of the UK public (46%) have never checked their credit report, a figure which rises to 65% among 18 to…
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