Credit, Collections & Insolvency News
Webio, a provider of conversational AI solutions has announced the appointment of David Gagie to its board as a Non-Executive Director, effective immediately. Gagie has global experience in banking, payments and risk management, and was a Senior Advisor on regulatory conduct issues relating to retail banking, consumer credit and payments at the Financial Conduct Authority…
Read more
Mindcrest has announced that it has appointed Neil Jinks as its’s new Client Success Director. Jinks is a debt litigation and enforcement professional, specialising in leading legal debt recovery operations and client relationship management. In his new Jinks will be responsible for driving client development for Mindcrest’s Lender Services and Recoveries teams in the United…
Read more
European credit management specialist, Lowell has announced it has partnered with two charities that align to the company’s mission of making credit work better for all. The charities, Turning Lives Around and MyBnk, have been chosen by Lowell colleagues to be the focus of their 2023 – 2024 fundraising initiatives. Recent research conducted by Lowell…
Read more
Arrow Global has announced its acquisition of Eagle Street Partners, a real estate asset manager and developer focused primarily on the UK and Ireland. This acquisition will support one of Arrow Global’s core investment strategies, which alongside Direct Lending and Opportunistic Credit, focuses on European Real Estate. Eagle Street’s experienced team is led by Co-Founder…
Read more
European credit management services specialist, Lowell has announced its full-year results for the 12 months ended 31st December 2022. The company showed that cash income and cash EBITDA growth of 8% and 7% respectively YoY with Cash EBTIDA margin held flat at 59% YoY as guided. Lowell also showed a strong collection performance at 101%…
Read more
StepChange has announced the appointment of Alex Pitcher as its new Chief Risk Officer, who will join the charity in June. Pitcher is currently leading credit reference agency TransUnion’s global risk management team and approach, having previously managed the UK risk function. StepChange says Pitcher’s wealth of experience will be crucial to supporting the implementation…
Read more
Experian has announced the launch of a new service called Support Hub gives disabled people and those with additional support needs an easy, one-stop portal to tell organisations what they need to access essential services The company is piloting a new solution that aims to help disabled people get easier access to essential services like…
Read more
Debt advice specialist, Money Wellness has announced that it has formed a new strategic partnership with Rethink Mental Illness, following the company’s recent commission by Money Advice & Pensions (MaPS) to deliver free debt advice and debt relief orders in England. Rethink Mental Illness, the national charity which aims to improve the lives of people…
Read more
Deceased account management business specialist Phillips & Cohen Associates (PCA) has announced that it has completed the acquisition of debt recovery and credit management services provider, Ardent Credit Services following approval from the Financial Conduct Authority (FCA). Ardent will now formally become a wholly owned subsidiary of PCA’s UK business. Adam Cohen, Co-Founder and Chief…
Read more
Debt charity StepChange has said that it helped or guided nearly half a million people last year, with more clients receiving full debt advice than in the previous year. Last year saw 171,000 people receive full debt advice compared to 158,000 people in 2021, while a further 312,000 clients used a StepChange money guidance or…
Read more
Aquiring and collecting non-performing loans specialist, PRA Group has announced the appointment of Owen James as Global Investments Officer. James has been with PRA Group for more than a decade, most recently as Managing Director of Acquisitions. He has led the Company’s investments in Europe and has served on the European senior management team. Over the…
Read more
Manchester-based MoneyPlus Group, parent company for the brand MoneyPlus Advice has announced that it has completed the purchase of Exeter-based InControl Debt Solutions. This is the second acquisition for MoneyPlus Group this year after acquiring Bright Oak in February. The deal will see InControl’s customers managed under the MoneyPlus Advice brand. Following a detailed due…
Read more
Individual Voluntary Arrangement (IVA) provider, Creditfix has announced that it will no longer accept referrals from third-party debt packager firms from 1st May 2023. The company says that it hopes that the move will encourage other Insolvency Practitioners to follow suit in the interest of protecting customers – especially as the cost-of-living crisis continues to…
Read more