Credit, Collections & Insolvency News
Knights has announced that it has agreed to acquire Coffin Mew, a leading independent law firm in the South East. With a 130 year history operating in the South East of England, Coffin Mew is a leading independent law firm based primarily in Portsmouth with offices in Southampton, Brighton and Newbury. The acquisition brings 102…
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More than half of older people living in rural areas (51%) are now concerned about paying their bills, according to research from insurer NFU Mutual. The figures have shot up in the past six months from 22%, as rising inflation impacts elderly rural dwellers. The number of people in rural communities concerned about their pension…
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The total value of contactless transactions in February this year was twice the value of previous years, after the increase in the contactless limit according to latest UK Finance figures. The figures show that there were 1.7 billion debit card transactions in February, 32.9 per cent more than in February 2021 and 15.1 per cent…
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TransUnion has strengthened its partnership with credit management company, Lowell which will provide a personalised toolset for monitoring and improving their financial standing via the Lowell app for free. Powered by TransUnion’s CreditView platform, Lowell’s Credit Information Services are available via the new Lowell app on mobile and tablet devices for free, giving customers a clear understanding of what…
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Ophelos has announced it has partnered with Plend, an ethical consumer lender using Open Banking to provide affordable loans to those struggling with access to credit. The partnership will see Ophelos help Plend manage the support of customers who may find themselves in arrears. Launching in 2022 with registrations for Early Access now open, Plend…
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Arrow Global has announced the launch of a portfolio diagnostic solution for creditors. The company says that it will partner with creditors to help them better support customers through an enhanced understanding of fair-treatment and data solution strategies. The Portfolio Diagnostic Solution supports creditors by helping them assess risk within their portfolio, designing detailed strategies…
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According to new research conducted by Time Finance, more than 70% of financial intermediaries believe their clients will need some form of funding support over the next 6 months to deal with and overcome the economic challenges that 2022 continues to throw at them. The findings come as many of their SME clients face supply…
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A survey by KIS Finance has found that over 22% of those aged 18 to 35 have been forced to take on an additional job in order to make ends meet, as the cost-of-living crisis deepens. Whilst recent figures from the ONS show that unemployment fell to 3.7%, its lowest level in nearly 50 years, many are…
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