Credit, Collections & Insolvency News
Australian technology and debt collection provider Credit Clear has announced it has entered into a binding agreement to purchase debt collection agency (DCA) ARC (Europe) pending FCA approval. Credit Clear says that the acquisition marks a major milestone for the company, expanding its footprint into the UK and European markets, adding immediate scale and unlocking cross-sell opportunities…
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The Financial Conduct Authority (FCA) reported that financial services firms paid out £283 million in redress for complaints in the first half of 2025, a 20% increase from £236 million in the previous half. The FCA received 1.85 million complaints, marking a 3.6% rise compared to the second half of 2024. Complaints about banking and…
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The boss of a property maintenance company who lied about his turnover to secure a maximum-value Covid Bounce Back Loan has been jailed. Craig Smith set up C.A.S. Property Maintenance (Midlands) Limited in April 2020. The 42-year-old applied for a Covid Bounce Back Loan in August 2020 using his own name as the loans were…
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New figures from affordable credit provider Salad demonstrated that it has saved more than 90,000 workers over £41 million pounds in interest during 2024-25. The firm, which lends to people with poor or impaired credit scores who want and can afford to repay small sum loans, calculated that its customers saved an average of £454…
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