Credit, Collections & Insolvency News
Credit Connect hosted its Online Collections Technology Think Tank last week which saw collections strategies and the impact of cost of living economic stresses discussed by eight collections professionals from a variety of industry sectors. In the eighth edition of the Collections Technology Think Tank series, hosted by Credit Connect Media, industry professionals gathered to…
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Almost half (41%) of people aged 50 and over who are not yet fully retired are concerned about living in economic hardship after they stop working, according to new research by the older people’s financial hardship charity Independent Age. According to latest figures, 18% of people aged 60-64 are living in deep poverty. If governments…
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More than eight million people across the UK need to get debt advice and over 12 million more live on the edge, new figures from the Money and Pensions Service (MaPS) have revealed. Using its survey of 22,519 adults, conducted in July-September 2023, MaPS has calculated that one in seven people (15%, 8.1 million) require…
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New data reveals that more than nine out of 10 (92%) regulated firms do not carry out daily monitoring on clients. This exposes them to potential sanctions breaches and other financial crime such as money laundering, warn digital compliance experts at SmartSearch. Under UK law, regulated firms must identify and verify anyone they work with, to…
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Oriel Collections has announced it has appointed Janice King as Head of Sales. King joins Oriel Collections as a seasoned industry leader with a career in debt recovery spanning over 30 years. King has prior experience working within the recovery sector as a Sales Director. Commenting on her appointment King said “I am thrilled to…
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Nearly one in three (31%) of business owners anticipate the potential closure of their businesses by the end of 2024 according to research by Novuna Business Cash Flow. Novuna says that the prospect of numerous businesses facing closure is sobering, a reality underscored by a recent ONS report, showing just 3% of businesses had temporarily…
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Nationwide has become the first building society to achieve ‘Mental Health Accessible’ accreditation, after improving support for vulnerable customersby The Money and Mental Health Policy Institute. Money and Mental Health’s Mental Health Accessible programme works with essential services firms to help them understand the difficulties customers with mental health problems can face using their services,…
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Debt purchase and resolution firm Perch Group has announced it has opened a new office in Skipton, North Yorkshire. The news follows the opening of a new Manchester city centre office at the end of last year. The Group, which comprises debt purchaser Perch Capital, FCA-regulated debt resolution agency ACI, SRA-regulated TM Legal Services, and…
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