Debt Sale and Purchase

TSB launches new brand for loans portfolio

19th July 2016 Consumer Collections |

TSB’s new brand for the loan portfolio is Whistletree. The brand name has been given to Northern Rock’s former loans and mortgages portfolio which TSB bought from Cerberus Capital Management last year. The loans were previously managed by UK Asset Resolution (UKAR).

Hoist acquires Spanish portfolio

3rd July 2016 Consumer Collections |

Portfolio comprises of non-performing banking claims originated by four regional banks.

Hat trick for 1st Credit as it achieves top customer rating

3rd July 2016 Consumer Collections |

Investor in Customers (IIC) awards 1st Credit a three star rating for ‘exceptional’ customer service for the third consecutive year.

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

3rd July 2016 Consumer Collections |

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.

Lowell GFKL Group to acquire IS Inkasso Service (Austria)

12th April 2016 Consumer Collections |

Arrow Global to acquire InVesting BV (InVesting)

12th April 2016 Consumer Collections |

Arrow Global to acquire InVesting BV (InVesting), a debt purchaser and collections firm based in Belgium and the Netherlands, for £78.5 million (€100million)