Credit, Collections & Insolvency News
New research by Citizens Advice shows the charity is now helping one person every minute with problems relating to renting from a private landlord. In the first two months of this year, the charity saw a 40% increase in people seeking one-to-one advice on issues relating to the private rented sector compared to the same…
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One in five consumers in the UK (20 percent), equating to an estimated 10.2 million people, say they are worried their finances will not fully recover from the impact of Covid-19, according to new research from the Money Advice Trust. The research, based on a poll of more than 2,000 adults conducted online by YouGov,…
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The Insolvency Service has launched new guidance for Official Receivers and has made it available for the wider insolvency profession. As part of efforts to increase support and share knowledge with the insolvency profession, the Insolvency Service has published brand new guidance for Official Receivers when acting as Liquidator or Trustee. Following feedback from stakeholders…
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New research from the Institute of Directors (IoD) has found that a third of businesses are more vulnerable to cybercrime than pre-pandemic. In a poll of just under 800 IoD members, one in three directors indicated that their organisation is now more vulnerable to cyber crime. The sharp rise in home working due to the pandemic has meant that businesses have become more exposed to cyber threats.…
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Around 840,000 tenants who have fallen into arrears are in danger of losing their homes as a result of the pandemic, according to data from the National Residential Landlords Association (NRLA) The NRLA says with no action possible against them, these debts are increasing to the point where there is no hope of many being…
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Digital consumer lender Fintern has appointed Dr. Mark London as Chief Risk Officer. Prior to joining Fintern, London was a Partner at EY, where he specialised in Credit Analytics and led EY’s Quantitative Advisory Services team of 200 quantitative analysts. Since joining EY in 2005, London has served virtually every major UK bank on the…
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Risk analytics consultancy, 4most, has announced its investment and partnership with innovative fintech, IE Hub, as part of a strategic drive to better serve the millions of people across the country who are currently facing financial difficulty. The collaboration brings together 4most’s extensive risk and analytical expertise and IE Hub’s intelligent platform capabilities, to deliver…
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