Credit, Collections & Insolvency News
The impact of the pandemic is exacerbating late payments, with new data indicating that almost half (48%) of organisations in the UK have seen late payments increase substantially since the start of the Covid-19 pandemic. New data from cloud-based credit management platform, Know-it highlights that late payments remain an ever-present challenge for business owners, damaging cash flow,…
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More than 375,000 households could be automatically switched onto more expensive ‘default’ energy tariffs in April if they do not switch tariff or provider when their fixed deal comes to an end. An additional 15 million households, who are already on their provider’s standard tariff, could face a price rise of £96 on 1st April.…
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New research by Resolver has found that thousands of people are being penalised or pursued for buy now, pay later (BNPL) debts incorrectly, as a direct result of errors by retailers and credit companies. Resolver says that it has helped people sort out more than 17,500 complaints about buy now, pay later credit in the…
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Software financial services solutions specialist, Aryza has announced the launch of ‘Aryza Messenger’ a new case management solution. The company says that the new launch was built specifically for businesses operating within the insolvency, debt management, consumer credit, lending, debt recovery and collections space and is a fully compliant solution, able to handle any case…
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