Credit, Collections & Insolvency News
Registry Trust has announced that Mick McAteer Deputy Chair. Registry Trust is a non-profit organisation which collects decree and judgment information from jurisdictions across the British Isles and Ireland. McAteer, who has been an independent director of the Trust since 2016, takes up the position with immediate effect. Malcolm Hurlston CBE remains chairman He is…
Read moreOver 93,000 households will be automatically switched onto expensive ‘default’ tariffs in the last quarter of 2018 if people choose not to act. In October, November and December 2018, there are 130 fixed energy tariffs coming to an end, according to new research by comparethemarket.com, with a total cost of £18.95 million hitting those households affected.…
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New research shows those in control of their finances feel generally calmer, happier and less worried – yet two million over-65s have no one they feel comfortable talking to about money. New research for Age UK shows the importance of older people feeling on top of their finances, with a third (33 per cent) of…
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The average value of a consumer county court judgment (CCJ) reached a historic low during the third quarter of 2018, according to new figures released by Registry Trust. The fall in average value was accompanied by a fall in number to 276,097, down 13 percent compared with the same quarter of the previous year. The…
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UK businesses are missing out on £85 billion each year due to a lack of digital capability, according to the latest Lloyds Bank Business and Charity Index. The report highlights that this issue is particularly acute for sole traders, of which 41% have low digital capability. Despite this, UK business looks set to enter a…
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Ofcom has fined EE and Virgin Media a combined total of £13.3m for overcharging phone and broadband customers who wished to leave their contracts early. The penalties are the result of investigations into EE’s and Virgin Media’s early-exit charges. Phone and broadband companies can charge customers who decide not to see out the minimum term…
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A new research study, commissioned by Satsuma has found that working parents are paying for, on average over £20 per week, on extracurricular activities during term-time. Over 50% of UK parents struggle with the financial strain of these activities; one in three actually have no option but to stump up for sessions as they form all…
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The number of business debt judgments registered in the Republic of Ireland during the third quarter of 2018 fell to the lowest levels on record for any third quarter, according to figures released today by Registry Trust. In Q3 2018, 137 business judgments were issued, 10 percent fewer than Q3 of last year and the…
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New research published by the University of Bristol, in partnership with the Money Advice Trust and the Money and Mental Health Policy Institute has outlines the experiences of nearly 1,600 UK debt advisers when supporting people in vulnerable situations. The report, Vulnerability: the experience of debt advisers – which was grant funded by the Money…
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The number of debt decrees registered against Scottish consumers rose by six percent more than in the third quarter of 2017. During Q3 2018, 5,668 debt decrees were registered against Scottish consumers. A further one percent increase on last year’s historic Q3 high in the average value of small claims and summary cause decrees set a…
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New research from American Express has revealed that consumers are set to spend an average of £1,206 on everything from tinsel to turkey this year, a Santa-sized £60 billion across the nation. Gifts are the top spend items and even though there’s no place like home for Christmas, travel is still on the mind of…
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Almost 80% of mortgage intermediaries expect lending into retirement to be the fastest growing segment in the specialist mortgage market over the next two years according to Paragon’s latest Financial Adviser Confidence Tracking (FACT) Index based on interviews with almost 200 mortgage advisers. Intermediaries say mortgages for the self-employed represent the mainstay of the specialist mortgage market…
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Qualco UK raised more than £1,700 for charities Princess Alice Hospice and the Campaign Against Living Miserably (CALM) at its inaugural seven-a-side charity football tournament on Friday 2nd November. Teams from firms including Cabot Credit Management, Esme Loans, Sigma and Tesco Mobile competed across two leagues to secure the brand new Qualco Cup and Plate.…
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