Credit, Collections & Insolvency News
Lender, Together has announced the appointment of Clare Sadler as Field Underwriting Specialist. Sadler is underwriting professional with more than 20 years industry experience has joined specialist lender Together as it expands its broker relationship team. Sadler started her new role this month as the company boosts its capability to support brokers. In the last…
Read more
Qualco has announced the appointment of Terry Franklin, as its new Global Business Development Director. Based in UK, Franklin will be responsible for all global business development activities providing strong commercial, sales and consultative leadership to Qualco’s regional Sales Ambassadors thus ensuring the delivery of near-term client needs as well as the longer-term business and…
Read more
The Department for Education has confirmed that Peter Lauener has been appointed as Chair of the Student Loans Company (SLC), taking over the role from Professor Andrew Wathey, who has held the position on an interim basis since 1 February 2020. Professor Wathey replaced Christian Brodie, who served as Chair for six years from January…
Read more
Doorstep lender, Morses Club has announced that Andrew Hayward has left his role as Chief Financial Officer (CFO) with immediate effect. Andy Thomson, a Non-Executive Director (NED) of Morses Club and Morses Club’s previous CFO, will take on the position of CFO on an interim basis and will step down from his current role on…
Read more
European leader credit management specialist, Lowell has announced its annual results. The results show strong growth in three key metrics: Cash Income, Cash EBITDA and £120m ERC with collections continue to perform ahead of forecast. Colin Storrar, Group CEO, said “2019 was a year of delivery for Lowell. We have continued our growth by doing…
Read more
Debt Purchaser Arrow Global Group has reported record investment volumes of £303.7 million in its full-year results, with investment volumes at a consistent 17% net internal rate of return. The company also saw that its profits before tax increase by 28.3 percent. Estimated remaining collections for the next 84-month period is at £1.8bn, which is…
Read more
Three partnerships between community lenders and fintechs have secured a cash prize of £200,000 each for developing innovative solutions that make credit more accessible and affordable, particularly for the most vulnerable. The cash prize is part of a £2 million Affordable Credit Challenge, run by Nesta Challenges in partnership with HM Treasury. The Challenge enables…
Read more
Non-standard financial services provider, Morses Club, says it expects its adjusted pre-tax profits to fall by 18% to 23%. The company says the performance of the Home Collect Credit (HCC) division during the period has been very strong in a sector that continues to face headwinds and is expected to maintain like-for-like profitability. Total credit…
Read more
Finance lender, Mann Island Finance, has announced a key appointment with Andy Muir taking over as the business’s Head of Sales from Paul Power who will be retiring at the end of March. Muir has been promoted from his previous role as a regional manager. With a brief to drive Mann Island’s lending activity through…
Read more
Chartsbridge has announced that it has selected public services software solutions company Civica, to deliver an enterprise cloud solution for its collections services. The agreement will provide Chartsbridge with improved visibility and control across regulated collections, recoveries and enforcement activities. The company says that harnessing the capabilities of the cloud, the platform comprises of five…
Read more
The Finance & Leasing Association (FLA) has launched a Diversity and Inclusion page for International Women’s Day on Sunday, March 8th, 2020. The page will serve as an information hub for members and includes resources such as the Financial Conduct Authority’s work on diversity and inclusion, and the Women in Finance Charter toolkit. The FLA…
Read more
Freedom Finance and Optimum Credit agree on a new identity partnership with Nivo meaning that customers applying for a second charge mortgage can now use Nivo’s secure communications platform to Nivo ID Passport their personal details and biometric identity profile from broker to lender, cutting out days of effort and speeding up approvals. Freedom Finance…
Read more
The Financial Conduct Authority (FCA) has announced that Cash on Go, trading as Peachy.co.uk and Uploan.co.uk, has been placed into administration. Cash on Go is a high-cost short term lender, otherwise known as a payday lender, which lends small sums to customers until the next payday or up to 12 months. Adam Stephens, Gilbert Lemon…
Read more