Credit, Collections & Insolvency News
The Consumer Credit Awards has announced the finalists for its 2019 event. The Awards are voted by consumers to find the best credit providers in the UK, the awards supports an annual campaign that asks customers to share their feedback about the credit firms they deal with. Following a ten-week voting period, over 20,000 customer votes…
Read moreThe Money and Pensions Service (MaPS) has announced that Chief Executive Officer John Govett has resigned from his role due to an impending family relocation. Govett has led the team to transform MaPS, successfully integrating three services into one, focused on delivering our vision of everyone making the most of their money and pensions. His…
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The Financial Conduct Authority’s decision to introduce reforms to the overdraft market should help thousands of people from getting trapped in a debt spiral according to Citizens Advice which says it has helped almost 30,000 people with overdrafts last year Citizens Advice statistics show that overdraft issues overwhelmingly affect socially-disadvantaged people: 2 in 5 had…
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Over two fifths (44%) of consumers in Scotland are worried about their current level of personal debt, a new survey of over 2,000 British consumers by insolvency trade body R3 in Scotland and ComRes has found. This is notably higher than in April last year when 35% of consumers in Scotland said the same thing.…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in April was at a similar level to the same month in 2018. Credit card and personal loan new business together fell in April by 2% compared with April 2018, while retail store and online credit new business grew…
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Ikano Bank has announced that it has promoted Henrik Eklund to Chief Executive Officer (CEO) Eklund is currently Chief Operations Officer (COO) and has been interim CEO for Ikano Bank since the beginning of the year. Eklund joined Ikano Bank as Chief Operations Officer in May 2018. Before that, he was COO of Resurs Bank…
Read moreInternational deceased account management specialist, Phillips & Cohen Associates, which services creditors in the US, Canada, UK, Ireland, Australia, Spain, Portugal and New Zealand, has announced major expansion plans for its UK office. The UK arm of the business, which has been domiciled at the prestigious Exchange Quay site in Manchester since its founding in…
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New figures released by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April, compared with the same month in 2018. The percentage of private new car sales financed by FLA members through the…
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New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market reports volumes up by 24% in April. Commenting on the April 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “In…
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CodeWeavers has appointed a dedicated key account director to work alongside and consult with the UK’s major groups. Adam Canay, who has been promoted to the role, has 15 years of motor experience, which started in a motor finance broker, combines a deep understanding of the motor retail environment, finance and technology. It is a background…
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Households have been pushed nearly £2,000 into the red in the period since Theresa May became prime minister, according to TUC analysis as she prepares to resign the Conservative Party leadership. In every reported quarter since her arrival in Downing Street (2016 Q4 to 2018 Q4), families’ outgoings have outstripped their incomes. This has resulted…
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Credit Kudos and Cybertonica have announced a new partnership using their combined platforms to automate credit scoring, harnessing Open Banking. Credit Kudos is an FCA-authorised challenger Credit Bureau and Account Information Service Provider (AISP) that uses financial behaviour to measure creditworthiness. The partnership with Cybertonica, and the use of their new ScreenWiZe™ product will enable…
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Vehicle auction specialists G3 Remarketing has announced it has strengthened its team with two appointments in operations and compliance. Bev Pease joins as the company’s new Operations Manager. Selected to support the growth of the business, G3 believe that the track record that Pease has in delivering operational and performance improvements in both the finance…
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