Credit, Collections & Insolvency News
Paragon has announced that it has made two new appointments to its Vehicle finance team. Alan Timms has joined the specialist lender as a Regional Sales Manager to source and develop new business in the commercial vehicle sector while Kat Schorah joins him as an Assistant Relationship Manager. Timms has been in the industry for…
Read moreThe Insolvency Panel has announced a new partnership with credit referencing agency TransUnion (formerly Callcredit) that will allow its clients access to credit reporting information for the first time. The detailed data available from TransUnion will be a valuable resource to those seeking debt management and insolvency counsel. The Insolvency Panel is an industry group…
Read more
London-based adviser LDNfinance has announced that is set to start using a new Open Banking platform to process loan applications. The mortgage specialist has opted for LendingMetrics’ OpenBankVision, giving it real-time access to applicants’ bank statements and transaction details. Director of LendingMetrics, David Wylie, said “We’ve spent two years developing and testing OpenBankVision and know that LDNfinance will benefit…
Read more
The number of recorded crime series incorporates fraud offences collated by the National Fraud Intelligence Bureau (NFIB) from three reporting bodies: Action Fraud (the public-facing national fraud and cybercrime reporting centre) and two industry bodies, Cifas and UK Finance (who report instances of fraud where their member organisations have been a victim) show an Increase…
Read more
UHY Calvert Smith, Chartered Accountants in York, a member firm of the UHY Hacker Young Group, has formally merged with accountancy firm Hare & Co, also located in York. The merged practice is set to be relocated into one office and will comprise of 34 staff, including six partners. Linda Hare, who founded Hare &…
Read moreCredit card spending totalled £10.5 billion in March, 8.1 per cent higher than the same month in 2018 according to the latest UK Finance Household Finance Update. The increased lending on credit cards has been matched by growth in repayments, reflecting the growing use of cards by consumers as a preferred means of payment rather…
Read more
‘Outdated and punitive council tax regulations’ are encouraging local authorities to collect arrears aggressively and is causing people serious financial harm, according to new research by Citizens Advice. Citizens Advice new research shows missing an average council tax payment of £167, in the first month of the financial year, can escalate to a debt of…
Read more
NatWest has become the first UK bank to use biometric payment approval for all business payments. The new biometric payment approval feature allows business and commercial banking customers to make payments of any size through their Bankline Mobile app using Face ID or Touch ID, without the need for a card reader – a UK…
Read more
Debt Purchaser has announced that is l building ‘next-generation’ data science capabilities with the launch of Lowell Labs Amsterdam Based in Amsterdam, Lowell Labs is a data science centre of excellence focused on creating new insights about consumer credit data, segmentation, and financial behaviour. Its work will serve Lowell’s three core geographies (the UK, DACH,…
Read more
A new Financial Wellness Report from TopCashback.co.uk has revealed that the vast majority (96 per cent) of people in the UK have experienced stress and worries about their finances. Despite over half (53 per cent) of consumers seeing good financial wellbeing as unachievable, nine in 10 (90 per cent) think it is important with eight…
Read more
Despite positive changes like halving co-investment costs, small businesses in England are still struggling to take on new apprentices after the 2017 reforms, according to new research from the Federation of Small Businesses (FSB). FSB believes that both the upcoming Review of the Apprenticeship Levy and the Spending Review 2019 are opportunities that the Government…
Read more
TransUnion (formerly Callcredit) has announced that it has appointed David Finch as its new Chief Revenue Officer (CRO) to lead its go-to-market strategy and drive revenue for the UK business. Finch joins TransUnion from Experian, where he spent three years as chief commercial officer EMEA and president for South Africa, and was instrumental in the…
Read moreHere is an overview of The Money Charity’s latest statistics for April 2019: Personal debt in the UK People in the UK owed £1.633 trillion at the end of February 2019. This is up from £1.584 trillion at the end of February 2018, an extra £942.39 per UK adult over the year. The average total debt per household,…
Read more