Credit, Collections & Insolvency News
Business outsourcing provider Sigma Connected has announced the appointment of a new Managing Director (MD) to lead the company’s newly-formed credit services business. Jaco Snyman has been appointed to spearhead the company’s new Birmingham-headquartered debt collection agency, McLaren Credit Services. Reporting to Group CEO Gary Gilburd, Snyman will take responsibility for the growth and strategic…
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Paylink Solutions has partnered with online banking provider, Ecospend in a new partnership that will allow customers who’ve fallen behind with repayment plans to make instant payments and get back on track with their arrangements. Customers will be sent a link for them to make the previously failed payments, either over the phone with an…
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Pepper European Servicing, a UK-headquartered loan servicing company has announced a major business transformation and investment programme through which it will become a global credit intelligence provider under a new brand: Pepper Advantage. The business transformation programme will result in the integration of its European and Asian servicing businesses as it further expands into a…
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C&R Software and award-winning Fintech start-up IE Hub have agreed on a partnership to help consumers in financial stress. C&R Software has announced an integration with IE Hub’s online affordability system, creating sustainable payment plans for consumers meeting financial obligations. The partnership increases engagement and humanizes the collections process, making it easier for consumers struggling…
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Vulnerability Registration Service (VRS), has agreed a new partnership with data-driven technology company, Connected Data. The partnership with the Vulnerability Registration Service means that organisations working with Connected Data will now have access to the only UK wide database that provides a view on those individuals who are registered as vulnerable. This means that both…
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Aberdein Considine has announced that it has strengthened its Lender Services Practice Group (LSPG) with the appointment of a new Partner and two lawyers. Neil Patterson has been appointed a Partner in the firm’s Banking Litigation team (part of LSPG) and he will be working with financial services organisations across the UK. He has over…
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Business debt funding specialist, DSW Debt Advisory (part of the Dow Schofield Watts Group) – has announced that it appointed Chris Carter as Manager. Carter, who will be based in the Daresbury office, has over 15 years’ experience in banking, investment and corporate finance. Having started his career with HSBC and NatWest, he worked with…
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Secure Trust Bank (STB’) has announced that it has decided to exit the debt purchase market. STB subsidiary, Debt Managers (Services) (DMS’, has agreed to sell its portfolio of loans to debt purchaser, Intrum UK. The portfolio comprises around 650,000 customer loans acquired from third parties and STB. Intrum will acquire the rights of DMS…
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Southwark Council and Birmingham City Council will soon be the first two Local Authorities to use ‘debt-tech’ firm Trustfolio’s new Creditor Portal with both aiming to go live in April 2022. The Platform, developed by a collective of experts from across the credit, collections, advice, insolvency and related sectors, uses the latest fintech to enable…
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DataTrace UK, a tracing and contact agency has recently been acquired by The Broadriver Group. Established in 1991, DataTrace UK provides specialist global tracing and information services to local authorities, enforcement agents, educational institutions, utilities companies and those working in the financial sector. The acquisition will further strengthen The Broadriver Group’s portfolio, which includes Controlaccount…
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The Bristow & Sutor Group is calling for more like-minded businesses to commit to worthy causes long-term, after achieving successful outcomes in partnership with The Money Charity. The enforcement specialists announced The Money Charity as their latest charity partner in 2021 and have committed to providing both fundraising and volunteering support for at least the next three…
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Legal specialist Esson & Aberdein has launched a dedicated Lender services division which it says will address an acute lack of provision and competition in the area. The debt recovery and conveyancing services division, have been recently bolstered by the appointment of Fallon Spencer as Head of Corporate Property Services. Spencer is building a specialist…
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Flexys has entered into a collaborative partnership with EQ Credit Services (EQCS). EQCS provides advanced consumer loan technology and outsourced services to banks and other lending institutions and delivers digitally-enabled lending solutions to millions consumers. Combining EQCs’ award-winning loan management platform with Flexys’ cutting edge debt management solution allows lenders to layer sophisticated debt management…
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