Credit, Collections & Insolvency News
5.7 million low-income households are having to cut down or skip meals because they don’t have enough money for food, while the number going without items such as food, heating or basic toiletries (63%) has remained around 7 million for more than a year according to latest analysis by Joseph Rowntree Foundation (JRF). The research…
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Leonard Curtis Legal has announced it has appointed Rachael Bentley as a Restructuring and Insolvency Lawyer to its North-West team, Bentley joins as a Director with over 14 years’ experience advising on non-contentious insolvency matters – having held roles at Walker Morris, Gateley Plc and Clarke Willmott LLP throughout her career. Bentley specialises in all…
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Two in five people (40%) have been hit by an unexpected expense in the past 12 months costing them £1,851, up £394 in a year.according to research by Hargreaves Lansdown. The unexpected bill was most common among those aged 18-34 – half of whom had an unexpected expense (49%). Half (49%) of people were able to cover…
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Three-quarters of people feel their financial education was inadequate or non-existent, impacting their ability to navigate the cost-of-living crisis. A study commissioned by Santander found that 69% of people feel they have struggled to cope with the current cost-of-living crisis due to a lack of financial education at school. Just 26% of young adults aged…
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People are increasingly fed up with the job the Bank of England is doing setting interest rates to control inflation according to research by Hargreaves Lansdown. The research found that the number of people who are satisfied minus the number who are dissatisfied leaves us at minus 13% – worse than the February figure of…
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Non-bank business lender ScotPac has announced that it has partnered with Dancerace in a technology transformation program. The deal will see ScotPac adopt Dancerace’s c3 Backoffice Control, f3 Client Onboarding and e3 Client Access systems for its core operations, consolidating its existing invoice finance systems into the Dancerace software platform. ScotPac CEO Jon Sutton said…
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Financial software solutions provider, Aryza Group has announced a partnership with payments specialists Acquired.com to deliver a sophisticated range of data driven collection and disbursement options for their lending division with plans to extend this into other parts of the group including debt recovery and insolvency. Aryza says the partnership will also strengthen its consumer protection offering…
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