11th November 2021 - Credit Connect

Aryza announces investment agreement

11th November 2021 Company News | #company investment

Pollen Street Capital has agreed on a sale of Aryza Holdings. Aryza will be acquired by Atlas Bidco 1, a company owned by Macquarie Capital Principal Finance, Pollen Street, and Aryza senior management. Pollen Street, and Aryza senior management state that all parties are excited by the future growth potential of the high-quality software platform,…

Equity release lending on track for record £1.049bn quarter

11th November 2021 Alternative Consumer Lending | #equity release

The equity release market is on course for a record year after customers took out £1.049 billion in property wealth in the three months to the end of September according to data from the UK’s equity release adviser Key. The total value of equity released rose by 18.8% from nearly £884 million in the third…

Bank repossession claims increase by 50%

11th November 2021 Arrears and Recoveries | #repossessions

Homeowners hit by the pandemic are now losing their homes, evicted by banks in court hearings, a joint probe by Money Mail and The Bureau Of Investigative Journalism has found. The ban on bailiff-led evictions was extended until the end of May in England and the end of June in Wales. But the research has…

MaPS launches new guidance to help schools improve children’s money skills

11th November 2021 Consumer Collections |

A new financial education guidance for primary and secondary schools in England has been launched with the support of the Department for Education (DfE). The guidance, which has been developed by the Money and Pensions Service (MaPS) in its role as coordinator of the 10-year UK Strategy for Financial Wellbeing, is aimed at encouraging conversations…

Credit & Collections Technology Think Tank reflections

11th November 2021 Industry opinion |

With a return to face-to-face networking, it was a pleasure to join this year’s Credit Connect Think Tank event on the 4th November in Manchester, signalling we have reached a good moment to take stock of the lessons learned during the pandemic and how the collections landscape may develop in 2022. At the Credit Services…

Interpath Advisory makes two senior promotions

11th November 2021 Appointments |

Financial advisory business, Interpath Advisory has announced the promotion of Sarah Collins promoted to Managing Director and Lucy Brocklebank to Director. The promotions come as part of a wider round which saw 35 colleagues promoted across the business. Collins is an experienced advisor and insolvency practitioner, having worked at Interpath (formerly KPMG’s UK Restructuring practice)…

2.8m people with mental health problems fell into council tax debt during pandemic

11th November 2021 Consumer Collections | #mental health

Over 2.8 million people with mental health problems fell into council tax debt during pandemic according to new research by Money and Mental Health. The research shows that people with mental health problems have been hit particularly hard financially during the pandemic, with two in five suffering a drop in income, and three in ten…

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