Credit, Collections & Insolvency News
Authorised Push Payment (APP) fraud has reached unprecedented levels in the UK, as criminal organisations have adapted to and capitalised upon the impact of Covid-19 over the last year. Recent statistics from UK Finance show that APP fraud has increased in value and volume from 2019 to 2020, with losses up 5 per cent to…
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Consumer watchdog Which? says banks should show how many customers are repaid money from accounts lost due to fraud. Most large banks compensate some funds to customers who are defrauded by criminals and publish information on compensation rates as a group, with only Barclays and TSB committing to doing so individually. Which? says Banks must…
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The number of consumers considering personal loans has fallen by a quarter (24%), according to new research by MoneySuperMarket. Figures analysed by the price comparison website show that as pandemic restrictions near their end, the home improvement trend might have peaked. The boom in home improvements under lockdown and loan interest underlines this but between…
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More than 31,500 people in Scotland sought debt help and over 11,000 went through a full debt advice process during the year of the pandemic, according to Stepchange charity’s latest ‘Scotland in the Red’ update. The research showed that average client rent arrears rose by a dramatic 43% in 2020, one of the most worrying…
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Over a quarter (26%) of businesses will not be fully data-driven for another four to five years, according to findings from the latest FinTech Barometer survey of finance professionals, carried out by Visma | Onguard. The company says that the research reflects a move to becoming data-driven being a long-term agenda item for many businesses,…
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More than 285,000 households could be automatically moved onto more expensive ‘default’ energy tariffs this month if they do not switch tariffs or providers when their deals come to an end according to research by comparethemarket.com In June, there are 166 fixed energy tariffs coming to an end, which could mean an average increase to…
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In May the following administration notices have been issued and advertised in the London Gazette for the following companies: 51AEGON LTD AFIN TECHNOLOGIES LTD AW RETAIL LTD BSC HOLDINGS LTD COLLINS BUILDING SOLUTIONS LTD COMMERCIAL STREET HOTEL LTD CONNECT RECYCLING LTD CONSTRUCTION AND MANAGEMENT TRAINING LTD DAPATCHI PROPERTY CONCEPTS LTD DEVCO 2017 LTD ESSEX COUNTY…
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Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in May: 100% INSPECTION LTD 4ZERO LTD A BLAIR LTD A NINETEEN PUB COMPANY LTD A.L.P.H.A. HOME IMPROVEMENTS PS LTD ABBEY MECHANICAL & ELECTRICAL SERVICES LTD ABSOLUTELY FLOORSOME LTD AC CASTLE STREET LTD ACCUMULATION LTD ACE…
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In May, Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: BIG MARTHA LTD BLACK SWAN VENTURE CAPITAL LTD BOROUGH RESIDENTIAL DEVELOPMENTS LTD CHIC BUILDING LTD CLAYBORN CONSTRUCTION LTD. CREATIVE GLASS (NW) LTD CXL 2020 LTD DESAI & CO ACCOUNTANTS LTD ESPRIT LAND LTD GILB CONSTRUCTION LTD…
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