Credit, Collections & Insolvency News
People experiencing problem debt tend to have more complex situations than in the past, so the scope and delivery of debt advice also needs to evolve according to StepChange Debt Charity. As part of debt charity’s launch of its new strategy, StepChange has revealed that 158,000 clients were given full debt advice in 2021, with the…
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New analysis by Jubilee Debt Campaign has found that the number of households struggling with a heavy debt burden has increased by a third in 2021. According to the analysis of the Bank of England’s household survey, the percentage of households reporting that loan and interest payments were a heavy financial burden increased by 35%…
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More than three-quarters of Scottish adults impacted by debt during the pandemic say their mental health has been negatively impacted by it according to new polling for Citizens Advice Scotland (CAS). Polling for the charity by YouGov found that 77 per cent of Scottish adults in debt or at risk of debt since the Covid-19…
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New research commissioned by the Post Office has found that seven in ten people are left feeling overwhelmed by the amount of jargon used around money and savings. Half admitted they did not understand personal loans, APR (Annual Percentage Rate), interest rates, tax codes, dividends, rebates or the stock market. Whilst just a fifth are…
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Business outsourcing provider Sigma Connected has announced the appointment of a new Managing Director (MD) to lead the company’s newly-formed credit services business. Jaco Snyman has been appointed to spearhead the company’s new Birmingham-headquartered debt collection agency, McLaren Credit Services. Reporting to Group CEO Gary Gilburd, Snyman will take responsibility for the growth and strategic…
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Deloitte has announced the appointment of Bhaskar Acharya as an Advisory Corporate Finance Partner in the Corporate Turnaround practice. Acharya joined Deloitte in January as a partner in the firm’s Corporate Turnaround practice. He is working alongside Chris Skinner in the firm’s Performance Improvement services offering in the UK, with a focus on originating special situations.…
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Paylink Solutions has partnered with online banking provider, Ecospend in a new partnership that will allow customers who’ve fallen behind with repayment plans to make instant payments and get back on track with their arrangements. Customers will be sent a link for them to make the previously failed payments, either over the phone with an…
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Pepper European Servicing, a UK-headquartered loan servicing company has announced a major business transformation and investment programme through which it will become a global credit intelligence provider under a new brand: Pepper Advantage. The business transformation programme will result in the integration of its European and Asian servicing businesses as it further expands into a…
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