Credit, Collections & Insolvency News
Debt advice provider, PayPlan has committed its support to Trauma Research UK by becoming its first referral partner. Trauma Research is a national charity dedicated to making a difference, providing support and recovery programmes to those who are suffering or have experienced trauma. The partnership means all Trauma Research UK clients who flag outstanding debts…
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Debt resolution specialist, Ophelos has announced that it has entered into an agreement to be acquired by debt purchase and collection company Intrum. Intrum says the acquisition of Ophelos, will seek to advance the development of tech-enabled solutions in its offering by further strengthening its market position. Ophelos is a technology company that uses AI to…
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Debt purchase and credit management company, Lantern has announced that it is making changes to its senior leadership team. Effective 1st November 2023, Denise Crossley will move into a new role of Non-Executive Chairwoman of the Group with Paul Mason taking on the role of Chief Executive Officer (CEO). Crossley has lead the over the…
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Fintech Ceverine, which offers AI-driven digital collection services, and debt collection specialist Capital Resolve have announced an agreement to merge businesses. In a joint statement, the company said that the strategic combination brings together complementary strengths of both companies. Ceverine’s expertise in machine-learning, automation and digital collections with Capital Resolve’s established history, credentials and proven…
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Money Wellness has agreed a partnership with United Utilities to offer support to customers in the North West who are showing early signs of financial distress. Under the partnership, customers who are struggling to pay their water bills will be offered the chance to complete a Money Wellness health check to identify if they would…
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Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it has successfully completed on two facilities with a combined value of £90 million to enable the next stage of its ambitious growth plans. The fresh new capital comprises of a new NatWest-led banking syndicate, which includes Hampshire Trust Bank, and a material…
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The Money and Mental Health Policy Institute has awarded HSBC UK its ‘Mental Health Accessible’ accreditation for taking steps to improve support for vulnerable customers Research from the Money and Mental Health Policy Institute shows that people with mental health problems encounter a range of difficulties when accessing and using banking services and other essential services.…
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Deceased account management specialist , Philips & Cohen Associates (PCA), has announced it has work with worked with E.ON Next to develop a new online solution. The new technology platform called NotifyNOW enables the bereaved to use a simple route with which to notify utilities and similar organisations when a customer passes away. NotifyNOW is…
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The Money Advice Trust has announced the appointment of four new Trustees to support the next phase of the charity’s development. Adam Khan, Alexandra Meagher and Zitah McMillan have joined the Board of the Money Advice Trust with immediate affect, with Mark Allison set to join in January. Mark Allison is a policy and strategy…
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Arrow Global Group, an asset manager specialising in credit and real estate has announced the acquisition of Maslow Capital, a provider of real estate finance. The acquisition follows Arrow Global’s initial purchase of a significant minority stake in December 2021 and a 20-month period of successful collaboration that has seen the significant expansion of Maslow…
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Everyday People Financial, a Canadian-based financial services company, has announced that its subsidiary, BPO Collections has agreed to acquire Pastdue Credit Solutions. Debt collection agency Pastdue Credit Solutions was founded in 2005 its clients include energy, water, telecoms, and financial service providers, as well as providing services to government departments. Barret Reykdal, CEO of Everyday People…
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Debt purchase, collections and litigation specialist Perch Group has announced that launched a new company designed to offer clients in the utilities, financial services, and other specialist sectors a different approach to customer verification and reconnection. The new company will be called Verify and is headed up by Managing Director Gary Jones and Karl Humphries…
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Integrated Debt Services (IDS) trading as Indesser, a company created to help the government chase unpaid fines, loans and council tax has announced a 132% increase in profits last year. Indesser whose parent company is the credit information firm Equifax, saw its pre-tax profits rise to £18.1 million in 2022, an increase on 2021’s figure…
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