Credit, Collections & Insolvency News
The number of homeowner-mortgaged properties being repossessed in the first quarter of 2024 increased by 36% compared to the previous quarter, according to UK Finance. Buy-to-let mortgaged properties also saw a 20% increase in repossessions. The rise in repossessions is largely attributed to older cases working through the court system. In the first quarter of 2024,…
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Commercial finance lending software specialist, Dancerace has announced it has launched a new risk system for invoice finances providers. The new system is called r3 RiskOps which enables risk and operational teams to better manage client risk and work more efficiently. The system comes to market having already been deployed by Skipton Business Finance in the…
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Business outsourcing provider Sigma Connected has been named in The Sunday Times Best Places to Work list for the second year in a row. The accreditation is based on the scores its 1,200-strong UK workforce provided through a survey. With increases across the board from 2023, the survey saw job satisfaction at an all-time high…
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Half (49%) of younger parents aged 18-34 have decided to not to have another child as it has become too expensive due to the rising cost of living according to research from Creditspring. Younger couples who were planning on starting a family have also been forced to change their plans due to the financial climate.…
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