Credit, Collections & Insolvency News
Latest Ministry of Justice (MoJ) data has shown that mortgage and landlord possession volumes between April and June increased when compared to the same period last year. The data shows that mortgage possession claims went up by 34% from 3,991 to 5,343, mortgage orders for possession also went up 34% from 2,529 to 3,395, warrants…
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The number of home repossessions has increased to the highest level in five years, data from UK Finance shows. The analysis shows that mortgage possession claims increased by 34% year-on-year in Q2, climbing from 3,991 to 5,343. These involve a lender taking homeowners to court before repossessing their home as the owners have fallen behind…
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A construction contractor has been banned as company director after Covid loan abuse. An Insolvency Service investigation found that Nick Addison submitted misleading information to obtain a £50,000 Bounce Back Loan, the maximum amount businesses were entitled to. Addison was the owner of a former Bedfordshire construction firm which mainly focused on dry lining and…
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Collections management technology specialist Flexys has announced a strategic partnership with Moneyhub, a data and payments fintech specialising in Open Banking, Open Finance, and Open Data solutions. Flexys’ software uses real-time data and automation to help collections professionals work more efficiently, resulting in faster and more successful collection rates. By partnering with Moneyhub, Flexys will…
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