Credit, Collections & Insolvency News
The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has appointed Vineeta Manchanda and Rebecca Wilkie as members of its board of trustees. Manchanda and Wilkie will replace Claire Whyley, Merrick Willis and Sian Williams on the board whose terms of service have come to an end. Manchanda has served as…
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Lending criteria sourcing provide, Knowledge Bank has announced that is now offering brokers the ability to perform criteria searches within two lending types: Bridging and Commercial. The addition of the new sectors has added over 9,000 individual criteria to the Knowledge Bank system taking the total criteria held by the system to over 70,000. This…
Read moreEnforcement specialist JBW Group has acquired shares in Court Enforcement Services (CESL) further growing the UK operations of multi-national of JBW’s parent company Outsourcing Inc. Court Enforcement Services will continue to be managed separately to JBW and will retain its brand and management team, led by Managing Director, Daren Simcox. Simcox said “Court Enforcement Services…
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Experian has announced that it is introducing a “real rates” service to the credit card market so consumers will now know exactly what deal they’ll be getting. In a transformative change to the way consumers shop for credit cards, those using Experian’s comparison services will see the actual rate they’ll get when shopping for cards…
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Computershare Loan Services has confirmed it has become the first domestic third-party administrator to act as standby servicer for a ‘Sukuk’ or Islamic Certificate issued in sterling in the UK. Al Rayan Bank recently made history with Tolkien Funding Sukuk, which is the largest that has been issued in sterling in the UK. Andrew Jones,…
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Debt recovery law firm, Ascent, has appointed Robert Matthews as its Head of Sales. Based in Ascent’s offices at One St Peter’s Square in Manchester, Matthews moves from Debt Managers Services Ltd, part of Secure Trust Bank, where he was Commercial Director. Matthews’s other roles in a career spanning 30 years within the financial services…
Read moreRent recognition platform CreditLadder and financial network Bud have launched a new partnership designed to help customers become more creditworthy and get on the property ladder. Bud offers a connected network that helps banks to collaborate with fintechs on creating new experiences for their customers. It’s a service that Bud has developed and piloted with HSBC/First…
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Credit risk analytics specialist, Jaywing has announced a partnership with Hitachi Capital Consumer Finance. The Hitachi Consumer Finance division has appointed Jaywing to explore the potential to significantly improve its existing application credit scores using Jaywing’s AI modelling technology, Archetype. Hitachi Capital Consumer Finance wanted to understand the uplifts that may be possible through using…
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Wonga Group and WDFC UK have decided to place themselves into administration. Insolvency Practitioners from Grant Thornton are in the process of being appointed as administrators to manage the firms’ businesses and affairs. An announcement on the website said “A decision has been taken to place Wonga Group Limited, WDFC UK Limited, Wonga Worldwide Limited…
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Home credit specialist, Morses Club has provided its latest trading update for the 26-week period to 25 August 2018. The company has reported a 4.3% rise in the credit it issued during the first half of 2018. Trading in line with the Board’s expectations with total credit issued increased to £85.7m compared to the same period last year (H1…
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Debt purchaser,Arrow Global Group has announced its results for the period ended 30 June 2018. Commenting on the results, Lee Rochford, Group chief executive officer of Arrow Global, said “Momentum at Arrow remains strong. Our broad sourcing capabilities and operating platform have enabled the Investment Business to continue to achieve consistent returns, with unlevered net IRRs…
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A Director of three Birmingham debt management companies has banned for 12 years after he failed to ensure companies provided regulated advice to their customers. Delroy Roberts, from Birmingham, was a director of three debt management companies: Haydon Associates Debt Management Consultants Limited, Sterling Financial Security Limited and Clear View Finance Limited. He was appointed…
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Credit and eligibility experts TotallyMoney have partnered with the UK’s first online mortgage broker Trussle to offer customers a free and seamless way to get a mortgage online. The partnership builds on TotallyMoney’s success as a Free Credit Report provider and credit card and loan comparison specialists. By integrating Trussle’s mortgage broking service, TotallyMoney now…
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