Credit, Collections & Insolvency News
Debt Management specialist MoneyPlus Group has bought Baines & Ernst after it went into administration. FRP Advisory was appointed administrators of Baines & Ernst. The business and assets of Baines & Ernst were then sold, resulting in the transfer of all 80 staff and all its debt solution plans and customer data. Baines & Ernst…
Read moreMasthaven Bank has made three new appointments. The bank has appointed John Smith as national account manager, first charge mortgages. Smith previously worked at Platform Home Loans and Aldermore and helped launch Bluestone into the specialist mortgage market. Wes Baker and David Owen have also joined the firm as business development managers. Baker has worked…
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Collections Conference (UKCCC), the Credit Services Association’s 2016 flagship event, has been named Conference of the Year by the Trade Association Forum (TAF) in its Best Practice Awards 2017. The award judges were looking for an outstanding event which featured ‘particularly relevant and informative content specific to the audience’, as well as utilising ‘innovative technology’…
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Credit company Provident, responsible for sending nearly one million nuisance texts in six months has been fined £80,000 by the Information Commissioner’s Office (ICO). Provident Personal Credit is based in Bradford, employed third party affiliate companies to send 999,057 unsolicited text messages on its behalf to promote personal loans for its brand Satsuma Loans. This…
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The winners of the UK’s largest consumer-voted awards for the consumer credit industry have been revealed at a ceremony in Mayfair. Over 27,000 consumers voted in this year’s Consumer Credit Awards, sharing their thoughts on 137 firms. Launched in 2016, Birmingham-based not-for-profit Fair For You took home 2 awards, including ‘Best Newcomer’ and ‘Consumer Credit…
Read moreEquifax and Energy Solutions company ENSEK, have formed a joint partnership to support identity verification and credit assessment services for new-to-market energy suppliers. The integration between Equifax and ENSEK will supply real-time consumer and commercial data to energy providers, enabling them to onboard new customers more efficiently as part of an automated process. The insight…
Read moreNew proposals to ensure that debt advice commissioned by the Money Advice Service targets those most in need across the UK have been published for consultation. These are designed to deliver comprehensive, high-quality services that will both tackle debt and improve people’s well-being. A strategic approach to debt advice commissioning sets out a new vision…
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Callcredit Information Group has announced reported record results, at the same time launching a new brand identity. The Group recorded an 18% increase in gross revenue to £201 million (2015: £170 million). Over the same period, group operating profits outpaced revenues, growing by over 20%. The results confirm Callcredit has very much come of age…
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More than 4 in 10 UK consumers say that they are still negatively impacted by financial mistakes they made in the past, according to research from Aviva. A greater number still say they wish they had managed their finances differently (64%) while 63% wish they had learnt more about financial matters when they were younger.…
Read moreAldermore has announced the appointment of John Wood to the newly created role of Chief Credit Officer. Wood joins Aldermore from Royal Bank of Scotland where he has worked for the last 27 years in a variety of portfolio management and risk roles. More recently he held responsibility for the embedding of a credit risk management…
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Lloyds Banking Group has announced a simplification of overdrafts for its personal current account customers. According to Lloyds statement, the new approach will be simple, clear and will give customers more control of their overdraft borrowing. “We understand that, across the banking sector, overdrafts can be complex and confusing for customers. Lloyds Banking Group has…
Read moreLowell has announced two senior appointments to its UK executive team. Bill Flynn, joins as Group General Counsel & UK Chief Risk Officer from Wonga Group, where he was Group General Counsel. Flynn joined Wonga in 2015 where was responsible for steering the business through an intensive period of regulatory scrutiny. This culminated in the business…
Read moreRobo adviser MortgageGym.com has announced an investment agreement with financial services comparison website GoCompare. MortgageGym, in partnership with GoCompare and Experian, will provide consumers with access to a first-of-its-kind digital mortgage marketplace providing an end-to-end online solution that promises to transform the UK’s out-of-date mortgage application process. The company’s website will be the only online service that…
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