Credit, Collections & Insolvency News
Begbies Traynor Group has acquired insolvency practitioner KRE Corporate Recovery (North East) Limited, based in Newcastle upon Tyne, further strengthening the AIM listed group’s presence in the North East. The deal sees 100 per cent of the equity of KRE (North East) Limited acquired by the group which has grown to offer a wide range…
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The Financial Conduct Authority (FCA) has published its final instruments and guidance that will apply in the event the UK leaves the EU without a deal or an implementation period. As the UK prepares to leave the EU, the FCA has been working to deliver a transition that is as smooth as possible. The package…
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Automotive Finance & Insurance (F&I) technology specialist DealTrak has announced that the company has plans for 12 months of fundraising for a range of local and national charities – nominated and voted for by employees. A long-term supporter of Cancer Research UK (CRUK), the firm raised £1,448.91 for the charity in 2018, with further donations…
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The Bank of England has published its latest Money & Credit report which shows that the annual growth of consumer’s borrowing on credit cards and as other loans continued to slow, though at a more gradual pace than the second half of 2018. Whilst annual growth of bank lending to businesses fell in February for…
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New research has revealed the insurance intermediary market expects clients to make greater use of credit this year when it comes to buying their cover. The findings from Premium Credit,show that 50% of insurance brokers anticipate the amount of credit used to buy general insurance in 2019 will be higher than the amount used last…
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Following on from the successful acquisition of the SIRS Europe in 2018, Carnoustie Resources has announced the acquisition of a second company. CLS Associates (UK) has been acquired after completing successful negotiations over the last 6 months. CLS was formed in 2006, is based in Kent and provides a range of Investigation services to clients…
Read moreWebio has launched ‘WebioPay’ its latest platform addition. WebioPay’ offers a complete way for contact centres and large enterprises to collect customer payments quickly, conveniently and securely with over 120 global PSPs(Payment Service Providers) using Webio’s conversational payments skill. The new platform is designed to optimise customer payments by giving businesses the ability to bring…
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Creditfix has unveiled plans to open a new office in the heart of Toronto, Ontario. Initially, Pearse Flynn, chairman of Creditfix will take responsibility for the Canadian Operation until a local senior team is appointed. A newly-formed team of personal insolvency specialists will arrange Consumer Proposals for householders struggling with debts of up to $250,000…
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On the 1st April £1.67 billion is set to be added to the nation’s energy bill and, according to new analysis from price comparison and switching service uSwitch.com, the hardest hit will be those who can least afford it. Last month, Ofgem announced that it was increasing the level of the price cap on poor value…
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Third-party mortgage servicer, Computershare Loan Services, has donated £5,000 to Citizens Advice Gateshead to support the charity’s efforts to combat financial hardship. The donation will contribute to the Dig Deep 2018 fundraising appeal to help the charity to extend its debt service to North East families who have been destabilised financially by serious medical life…
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Millions of consumers are taking on multiple forms of debt without a clear plan of how to pay it off, new research by KnowYourMoney.co.uk has revealed. The comparison website commissioned an independent, nationally-representative survey among more than 2,000 UK adults. It found that 62% of people across the country have some form of debt, with credit cards (35%),…
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Here is an overview of The Money Charity’s latest statistics for March 2019: Personal debt in the UK People in the UK owed £1.629 trillion at the end of January 2019. This is up from £1.579 trillion at the end of January 2018, an extra £952.50 per UK adult over the year. The average total debt per…
Read moreEleven million households are being urged to shop around and switch energy provider to avoid a £117 (10%) price hike caused by the Government’s own energy price cap. Research carried out by weflip has looked at 318 energy deals and found that 297 will be cheaper than the energy price cap in April, with 193 that…
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