Credit, Collections & Insolvency News
Arum has announced the appointment of Carlos Osorio as its new Managing Director. Osorio has spent over 30 years working in financial services and is a specialist within collections and recoveries, most recently as Director of Debt Recovery at TDX Group where he expanded and led its managed collections service for creditor clients and the…
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A new alternative lender focusing on providing credit and working capital funding to mid-market businesses has launched. Blazehill Capita says it will provide additional financial support to businesses when they are unable to get funding from traditional providers. The company says it will typically provide secured lending ranging from £5 million to £30 million per…
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SME leaders believe it will take on average 12 months for their businesses to regain lost revenue caused by the Covid-19 pandemic, according to research revealed today by Nucleus Commercial Finance. Over half a million SMEs (590,000) say it will take between 10-12 months to make up the lost revenue caused by Covid-19 and 1.6…
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The House of Lords Liaison Committee has called on the Government to introduce a new requirement for the Financial Conduct Authority (FCA) to establish a statutory duty of care that banks and other financial services providers must operate towards their customers. The call comes in a new report from the House of Lords Liaison Committee…
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A quarter of young people making Buy Now Pay Later (BNPL) repayments haven’t been able to pay for food, rent or household bills as a result of the commitment, research by Citizens Advice has found. The research shows 45% of 18 to 34 year olds in the UK have used Buy Now Pay Later in…
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