Credit, Collections & Insolvency News
Workplace pressure is a major contributing factor to mental health issues among business leaders, according to a new survey from the Institute of Directors, published on Time to Talk Day 2019. Among the 500 directors and managers polled, more than half said they had experienced poor mental health that was in part connected to factors…
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Rent to own specialist Brighthouse has announced that it is shutting 30 of its shops cutting 350 jobs amid tough conditions on the High Street. Brighthouse, which employs about 3,000 people, said it had informed staff. A Brighthouse spokesman said: “We are working to redeploy as many people as possible into alternative roles but redundancies…
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AccountScore, and The Insolvency Panel has announced the launch of the first ever Open Banking solution for the debt advice and debt solutions sector. The service, going live in February, will use AccountScore’s Open Banking platform consents.online to instantly auto-populate consumers’ income and expenditure information, direct from their current account, in complete compliance with the Standard…
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Probate Searches & Services Ltd (PSaS) has selected TransUnion (formerly Callcredit) to provide account information checks for its new credit report service to help probate professionals settle estates more quickly and accurately. PSaS is a new business servicing the legal sector with consumer data solutions to help better manage estate administration of probate cases and…
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Gala Technology, developer of cloud-based, PCI DSS compliant payment solution SOTpay, has announced that it has won a PCI: 2019 Award For Excellence in January to follow up on their recent ‘Best Use Of Technology’ within a contact centre win at the national UKCCF awards in November. Jason Mace, Chairman of Gala Technology said “We are delighted…
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Debt advice provider PayPlan, has joined forces with the highly-regarded debt advice service at Limavady Community Development Initiative (LCDI) to launch PayPlan in Northern Ireland Representatives from the housing, university and financial sectors attended the launch where speakers from the Cabinet Office and Advice NI provided their thoughts on the future of debt advice in Northern…
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Energy supplier Switch2 Energy, has made a trio of senior appointments to support its growth plans. Richard Slee has joined the Yorkshire headquartered company as CEO with a mission to maximise Switch2’s market-leading position as the dominant force in UK heat networks. Chris Kingston has also joined the business as Operations Director, while Simon Waite is the…
Read moreBusiness process outsourcing (BPO) Target Group and operational has announced the appointment of two hires in the client services and business development teams. Neil Glover joins as Business Development Director, while Target also added David Facenfield as a Client Development Director within the client services team, as Target looks to strengthen its offering to clients.…
Read moreConsumer Credit Solutions (CCS) has purchased a controlling share in finance technology specialists Castlefields (Abbeystoke Ltd). CCS is a facilitator of point-of-sale finance to the home improvement industry and has enjoyed a close working relationship with Castlefields for over 15 years. In that time CCS has been instrumental in assisting Castlefields to enhance both the…
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Scottish startup HubSolv has rebranded its automated client portal for the insolvency industry, formerly known as Ibby, under the new name HubSolv Messenger, to strengthen the identity of its fintech products. The rebrand follows HubSolv’s expansion as the firm works on a new product for a wider market that will leverage the branding originally designed…
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Debt Purchaser Lowell has delivered the first part of a UK digital transformation programme with the ‘go-live’ of a new consumer website for its Lowell Financial brand. The new website sees significant changes to the existing customer portal both in terms of design and usability – with more to come. The site, which has been…
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Provident Financial has announced the appointment of Charley Davies (formerly Taggart), who will take over the role of Group General Counsel and Company Secretary on 1 April 2019. After more that 11 years as Group General Counsel and Company Secretary, Ken Mullen has decided to retire from the Company and will step down from this…
Read moreOur Power, an energy supplier with about 38,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of Our Power’s customers will continue and pre payment meters can be topped up as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take…
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