Credit, Collections & Insolvency News
ClearScore has announced that it has acquired Aro Finance, pending FCA approval. Clearscore says that the acquisition also brings significant capability in secured lending by adding secured loan brokerage to its core proposition. Serving nearly 24 million users around the world, ClearScore’s proprietary technology platform works by matching users to credit cards, loans and car finance…
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A fraudster jailed for illegally obtaining a Covid Bounce Back Loan has been ordered to pay the funds back in full with interest. Restaurant owner Ilhan Kekec overstated his company’s turnover to secure a £30,000 loan in May 2020. The 36-year-old was jailed for two-and-a-half years in March 2024 following a trial at Isleworth Crown…
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New research by Legal & General Retail has found that financial concerns are causing delays in divorce proceedings, with 17% (280,000) of recent divorces were postponed due to money worries. Couples across the country stalled their separation because of income concerns (13%), rising living expenses (12%) and the cost of divorce (12%). However, once couples…
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One in three of these businesses anticipate needing financial support as they head into the new year according to the latest research from accounting and advisory firm, BDO. BDO’s bi-monthly survey of 500 mid-sized business leaders, which looks at the challenges and opportunities facing UK companies with a turnover between £10m-£300m, reveals over a quarter (29%)…
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LendingMetrics, the credit risk technology group, has appointed software expert David Murray as Non-Executive Chair. The appointment follows LDC’s recent investment in LendingMetrics, Murray will work alongside CEO Neil Williams and Commercial Director David Wylie. Murray brings more than 30 years’ experience in software engineering and IT to LendingMetrics. He was the co-founder and CEO…
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ARC (Europe) has appointed Natalie Bunyer FCICM as its Sales Director with immediate effect. Bunyer brings a wealth of experience within the debt recovery sector having previously headed up Global Debt Recovery and managing a broad client base as well as the day-to-day business operations. Dewi Fox, MD of ARC (Europe) said ‘‘I have known…
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The National Association of Commercial Finance Brokers (NACFB) has appointed two broker members to its board as Non-Executive Directors. Tom Perkins, Director and Co-Founder of Charles & Dean, and Evette Orams, Managing Director of Hilton-Baird Financial Solutions, have joined the NACFB board. NACFB CEO Jim Higginbotham said “Having individuals of Evette’s and Tom’s calibre join…
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