Credit, Collections & Insolvency News
European credit management specialist, Lowell has announced it has partnered with two charities that align to the company’s mission of making credit work better for all. The charities, Turning Lives Around and MyBnk, have been chosen by Lowell colleagues to be the focus of their 2023 – 2024 fundraising initiatives. Recent research conducted by Lowell…
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New analysis by Policy in Practice finds that the total amount of unclaimed income-related benefits and social tariffs is now £18.7 billion a year. The research estimates that £7.5 billion of Universal Credit is unclaimed by 1.2 million eligible households and £2.9 billion of Council Tax Support is unclaimed by over 2.7 million eligible households…
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A new study from Juniper Research has found that Open Banking usage will grow by 470% over the next 4 years, with the total number of API (Application Programming Interface) calls generated via Open Banking to exceed 580 billion by 2027, from only 102 billion in 2023. Strong interest in new Open Banking-based services, such…
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Two-fifths (43%) of key workers in the UK have been forced to take on additional part-time work on top of their full time role, or work extra overtime shifts to make ends meet, new research from responsible lender, Creditspring, shows. The data shows significantly higher levels of financial vulnerability among key workers, with nearly half…
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A survey by the Institute of Directors (IoD) has revealed an increase in business confidence in April, rising from -13 in March and a low of -64 in November to -5 last month. This is the fifth consecutive month in which the index value has improved, following a low of -64 in November 2022. The value…
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Soaring rises in the cost of food and drink are fuelling ongoing high inflation and causing hard-pressed UK households to need to rely more on credit products. Keeping up with the most everyday basic needs appears to be proving more and more challenging for households across the UK, forcing many to make stark spending choices…
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Instalment-only credit card provider Tymit has agreed a partnership to adopt LendingMetrics’ Auto Decision Platform (ADP) to enable faster decisioning. The fintech, which partners with merchants to provide consumers with a choice of in-store or online flexible payment plans, selected ADP after considering the platforms offered by a range of other providers. ADP is a…
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Equifax has announced the appointment of Nadia Strone as Vice President of Human Resources for Europe. Strone brings more than 20 years of experience leading people strategy development and high-impact transformation within the cosmetics and financial services industries. Strone joins Equifax from beauty and personal care company Avon, where she served as Executive Director of Human Resources, Western Europe. During her…
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