Credit, Collections & Insolvency News
The number of County Court Judgments (CCJs) issued against consumers in England and Wales saw another very large rise in Q3 2021 compared to the same period last year, according to the latest figures by Registry Trust. The number registered in Q3 2021 was 241,952, up 116 percent from 111,931 in Q3 2020 – this…
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The number of debt judgments registered against Northern Ireland consumers in Q3 2021 was 755, a rise of 24 percent from the 608 in the same period last year, according to figures released today (14.10.2021) by Registry Trust. But, it is worth noting that numbers are still well below the highs seen before Covid struck.…
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The number of decrees and the total amount of debt registered against Scottish consumers saw large rises in Q3 2021 compared to the same period last year, according to latest quarterly figures by Registry Trust. The number rose from 2,805 to 3,487 in Q3 2021, a rise of nearly one quarter from Q3 2020. The…
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The number and total value of judgments registered against Irish consumers saw large rises in Q3 2021 compared to the same quarter last year, figures released by registrar Irish Judgments show. The number of judgments registered against Irish consumers in Q3 2021 was 233, an increase of 85 percent on the 126 seen in the…
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Data On Demand, the Leeds based Alternative Consumer Data specialist has announced the appointment of two new graduates as they expand out the Business Development Team. James Nassiri and Harry Bland have been brought in to support growth in core sector Collections & Recoveries alongside emerging markets such as ID&V, Utilities and Consumer Finance. The…
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Two criminals from London have been sentenced at Inner London Crown Court after pleading guilty to conspiring together to commit £217,000 of fraud. The sentencing, on 15 October 2021, followed a successful investigation by the Dedicated Card and Payment Crime Unit (DCPCU), a specialist police unit sponsored by the banking and finance industry that investigates…
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UK households will be over £1,000 worse off next year new research from the Resolution Foundation has found. The research found that household incomes are set to fall by about 2% amid the cost of living squeeze. The UK is set for its biggest ever current-year economic growth upgrade next week as a result of a…
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Latest data from Action Fraud has shown 1,059 separate incidents of fraud were reported by charities in just one year from April 2020 to March 2021. The true scale of fraud against charities is believed to be much higher, as fraud is known to be underreported. The Commission is highlighting these figures, and the live…
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Risk analytics consultancy, 4most, has announced that it has partnered with financial services provider, Fair Finance, to deliver a more automated approach to decisioning and improve decision quality by expanding its lending activity. 4most has been working closely with the risk team at Fair Finance to create a series of initiatives designed to improve the…
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Hodge Bank is calling on intermediaries and brokers to be alert to the financial abuse of their elderly clients after new research reveals 94% of 45–70-year-olds believe financial service companies need to do more to protect older people from this kind of abuse. New research from Hodge and Hourglass, the charity calling time on the…
Read moreGoto Energy has announced they are ceasing to trade. The company supplied gas and electricity to around 22,000 domestic customers. Under Ofgem’s safety net, customers’ energy supply will continue and funds that domestic customers have paid into their accounts will be protected, where they are in credit. Domestic customers will also be protected by the…
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Ofgem has appointed Shell Energy Retail to take on supplying Pure Planet, Daligas and Colorado Energy combined total of approximately 252,000 domestic customers and around 600 non-domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Funds that current and former domestic customers of the suppliers have…
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Latest figures from the Insolvency Service have indicated that person insolvencies increased by 9.2% to 9,954 in September 2021 compared to August’s figure of 9,118, and were 33.2% higher than September 2020’s figure of 7,471. There were 614 bankruptcies were registered, which was 42% lower than September 2020 and 55% lower than September 2019. Numbers…
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