Credit, Collections & Insolvency News
Aryza has announced it is accelerating its European roll-out through the acquisition of Collenda, a leading DACH and Benelux credit management software provider. Collenda provides an end-to-end integrated credit lifecycle platform for banks, corporates, and debt collection agencies. It covers the entire credit value chain from origination and servicing to collection and recovery. The Collenda…
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The Government should reject over-complicated solutions to the cost-of-living crisis and simply make one-off cash payments to millions of households, according to Dr Aveek Bhattacharya, Chief Economist of the Social Market Foundation. The Social Market Foundation says that cash payments of up to £500 would be the best answer to the cost-of-living crisis, allowing households…
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Enforcement association CIVEA has announced that the annual CIVEA conference, which brings together leading players from the enforcement sector, has expanded for 2022 to include an awards ceremony for the very first time. The event titled Reflection & Collection, the past, present and future of enforcement is set to be held at the De Vere…
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Arvato Financial Solutions have announced the appointment of Peter Wallwork as Non-Executive Director. Over the last twenty years, Wallwork has built a reputation for managing complex external messaging and stakeholder relationships, positioning innovative solutions into often misunderstood, highly-regulated customer-facing markets. During his ten years as CEO of the Credit Services Association (CSA), Wallwork led a…
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Global information and insights company, TransUnion announced its support for Save the Children, raising over £18,000 for the charity thanks to a range of fundraising activities over the past two years. TransUnion colleagues took part in a ‘Step it Up’ challenge, where over a five-week period, participating members walked a combined distance of 14,513.4km. Premier…
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Official figures show that inflation jumped to 5.4% in December, with this the highest rate since the 7.1% recorded in March 1992. The consumer price index (CPI) measure of inflation was up from 5.1% in November, with soaring food costs and energy price increases helping drive the rate up. The Office for National Statistics (ONS)…
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The number of people finding it hard to keep up with bills and credit commitments has doubled since the start of the pandemic according to new research from StepChange Debt Charity. The charity has found the proportion of people struggling is now nearly one in three (30%) UK consumers – 15 million people – compared…
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The number of County Court Judgments (CCJs) issued against consumers in England and Wales in 2021 rose by more than one third compared to 2020, according to latest figures released by the Registry Trust. The number of consumer judgments registered in 2021 was 848,124, up by 36 percent from 625,901 in 2020. The Registry Trust…
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The number of decrees and total amount of debt registered against Scottish consumers in 2021 rose compared to 2020, according to figures released by the Registry Trust. The number increased from 13,308 in 2020 to 14,444 in 2021, a rise of nine percent. The total value rose even more, by 19 percent, from £37 million…
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Latest figures from the Insolvency Service have indicated that personal insolvencies in England & Wales fell by 10.1% to 8,434 in December 2021 compared to 9,385 in November 2021, and were 12.4% lower than December 2020’s figure of 9,625. There were, on average, 6,648 IVAs registered per month in the three-month period ending December 2021,…
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Average UK rents increased for the fifth consecutive quarter during Q4 2021 as pressure on the supply of rental properties during the pandemic continues, according to analysis by The Deposit Protection Service (The DPS) The research found that average rents reached £834 during the final three months of 2021, an increase of £16 (1.96%) on…
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Together Energy has become the first supplier of 2022 to cease trading following weeks of speculation about the company’s future. The energy company, which was founded in 2016, included subsidiary and former council-owned supplier Bristol Energy. It served 176,000 domestic customers and one non-domestic customer Under Ofgem’s safety net, customers’ energy supply will continue and…
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Arum has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide to provide Fraud, Error and Debt (FED) Advisory services to Central Government and the wider public sector. CCS supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2020/21, CCS…
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