Credit, Collections & Insolvency News
Paylink Solutions has announced it is one of four companies, alongside PayPlan, OpenWrks and Tully, that intend to merge the debt advice and finTech sector specialists. The company says that the merger will deliver tech-enabled debt advice, financial wellbeing and credit solutions group that can deliver transformative support to customers and clients across the UK.…
Read moreUK companies are expected to borrow a net £19 billion this year, far less than the £26 billionn initially forecast by experts in February as the economy rebounds quicker than anticipated and the demand for loans to support cashflow reduces, according to the latest EY ITEM Club Interim Bank Lending Forecast. UK GDP is now…
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Cybercrime and online fraud have risen sharply over the past year, with criminals exploiting the Covid-19 pandemic. Research by BAE Systems showed that three quarters of financial services firms have experienced an increase in digital crime since the pandemic began in March 2020, including coronavirus-related fraud and phishing or ransomware attacks. The research indicates that…
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As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support. However new research from Nucleus Commercial Finance today reveals business owners are lacking awareness and understanding of the Government support schemes on offer. The research of SME leaders found nearly one…
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EQ Credit Services has released its latest UK research report into the unsecured lending sector which has revealed some startling consumer attitude shifts including a ‘new nervousness’ characterising the current credit market. This appeared most acute amongst the youngest generation (age 18-24), with over half of this group responding that they would only be prepared…
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The Government has announced that it will legislate to increase the number of people eligible for Debt Relief Orders (DROs) with the aim of helping more people to get out of problem debt. The new measures will mean that more people will be able to access the debt solution, giving them a fresh start, as…
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Geoff Maleham has been appointed as Managing Director of Hitachi Capital Business Finance (subject to FCA approval). Maleham has jointly led the business since the sad passing of Gavin Wraith-Carter in September 2020. Hitachi Capital Business Finance, a division of Hitachi Capital (UK) PLC, provides business asset finance to SMEs and corporations across the UK.…
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Outsourcing collections specialist Sigma Financial Group has announced the appointment of Louise Morgan as Head of Bid Management & Solutions, who will support the firm’s growth plans both in the UK and abroad. The Sigma Financial Group, which offers ‘white label’ customer contact centre services across the energy, water, retail, financial services and telecommunications sectors.…
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Specialist lender Together has announced the appointment of Darren Clarke as the group’s Commercial Finance Chief Operating Officer. Clarke will have responsibility for the lender’s Commercial Finance operational processes and infrastructure to support its ambitious growth strategy. He joins Together from Redwood Bank, where he worked as Director of Operations for the challenger from its…
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