Credit, Collections & Insolvency News
Latest figures from the Insolvency Service have indicated that there were 26,758 seasonally adjusted personal insolvencies in Q3 2021, a fall of 1.8% compared to Q2 2021’s figures of 27,252 and a rise of 32.5% compared to Q3 2020 (20,194). This is the sixth quarter to be wholly affected by the pandemic and associated national measures, and…
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Latest figures from the Insolvency Service has shown that ehe number of businesses in England and Wales that there were 3,765 seasonally adjusted business insolvencies in Quarter3 2021, an increase of 16.7% compared to Q2 2021’s figures of 3,226 and a rise of 43.5% compared to Q3 2020 (2,624). The Insolvency Services says that teh…
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Latest statistics from the Insolvency Service have shown that Northern Irish business insolvences increased by 42% whilst personal insolvences rose by 1% in the latest quarterly figures. Latest business insolvencey figures have shown that there were 34 company insolvencies in Northern Ireland in Q3 2021, an increase of 42% on the same quarter of 2020.…
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Latest Bank of England data has shown that individuals borrowed £9.5 billion of mortgage debt on net in September, the highest since June 2021. This was a rise from £4.4bn in August, and the highest figure since June 2021, when net borrowing reached a record of £17.1bn. Consumers borrowed an additional £0.2 billion in consumer…
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Enforcement specialist, Bristow & Sutor Group has signed a charity partner agreement that will see the Midlands-based company provide support, volunteering and annual donations to The Money Charity until at least October 2024. The Money Charity provides education, information, advice and guidance to people of all ages, helping them to manage their money well and…
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New insight from Lowell’s Vulnerability Index has indiacted a 11% rise in financial vulnerability across the pandemic (Q3 2019 to Q1 2021) The Financial Vulnerability Index, is a joint project between Lowell, one of the largest credit management services companies in Europe, and the Urban Institute, a leading U.S.-based research organization, uses unique Lowell data…
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A new debt resolution agency, The Digital DRA, has been launched to help consumers resolve their debt with dignity. The Digital DRA aims to reimagine the debt collection process by putting the customer first. Customers will have 24/7 access to an online management portal, where they can fully self-serve at a time and place convenient…
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