Credit, Collections & Insolvency News
Councils across the Black Country and Staffordshire called in bailiffs to collect more than £21 million in debts over the past two and a half years, new figures have revealed. From 2015 six local authorities used debt collectors on 161,471 occasions, with council tax arrears accounting for around 65 percent of cases. The association that…
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Almost one in three working-age adults in Northern Ireland are out of work, according to a new Joseph Rowntree Foundation (JRF) report that shows that Northern Ireland’s employment rate is lagging behind the rest of Great Britain. The warning comes as JRF highlights the poverty rates in Northern Ireland and the challenges facing low-income families.…
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Omnichannel contact centre technology specialist Noble Systems has announced the dates of its 2018 Select Noble Users Group (SNUG) Conference series. The conferences help Noble’s users “get connected” to their Noble products and collaborate with other users, so they can work faster and smarter, lower costs and optimise results. Noble Systems hosts the SNUG Conferences…
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Computershare has announced the successful transfer of £12 billion of buy-to-let Bradford & Bingley and Mortgage Express mortgages to their new owners. The transfer follows the sale of the loans to Blackstone and Prudential last year, and the new owners have retained the UK’s largest third-party mortgage administrator to provide a full suite of administration…
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Aire has announced two new senior appointments. Peter Jackson, a former CEO of Worldpay UK and current CEO of Paddy Power Betfair, took the post of Chairperson of Aire’s Board of Directors in October 2017. Previously, Jackson worked as Head of Global Innovation at Banco Santander and held senior positions at Lloyds and Halifax. His…
Read moreThe Government is due to undertake a major review of university funding and student financing. In its unanimously-agreed Report on Student Loans, the Treasury Committee has made a series of recommendations, which the Government should address as part of its review. Interest rates Justification for high interest rates on student loans is questionable Above-inflation rate…
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Today’s young adults are much less likely to own their own home than those in their place one or two decades ago according to a new report IFS research which looks at how and why homeownership rates have changed for young adults over the past twenty years. The biggest decline in homeownership has been among…
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Credit Kudos and Lending Works have announced a partnership that creates one of the first commercial applications of the new Open Banking standard. Credit bureau Credit Kudos and Lending Works, peer-to-peer (P2P) lending platform, are partnering to enable customers to benefit from the UK’s Open Banking initiative, a secure way for banking customers to take…
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Vernon Building Society has announced the appointment of Steve Fletcher as its new Chief Executive. Fletcher succeeds Mike Hanson, who has retired. Fletcher joins from Clydesdale and Yorkshire Bank, where he was head of customer banking networks. Fletcher says: “I am delighted to be joining the society at such an important and exciting time in its…
Read moreIreland’s Central Bank has released its latest credit and debit card statistics from Q4 2017. Here is an overview of the statistics: Debit card Point of Sale (PoS) transactions in December 2017 were €3.6 billion, 15 percent higher than the same month in 2016. Debit card PoS transactions accounted for 57 percent of gross new…
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A recent survey conducted by leading online automotive shopping platform, CarGurus, has found that a staggering 47% of drivers with a car on finance admitted that they could not specify how much they had effectively borrowed to fund the vehicle. The research found that a further 63% of people with cars on finance acknowledge that…
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Eight out of ten mental health staff said that dealing with a patient’s practical issues left them with less clinical time to treat their mental health issues, Citizens Advice has found. Over half (57%) reported the proportion of time they are spending on non-health issues has increased compared to last year. Citizens Advice conducted a…
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Commercial debt recovery specialist Yuill & Kyle has announced that it will become part of the MacRoberts Group. MacRoberts LLP is one of Scotland’s oldest and most established independent commercial law firms. With 42 partners and over 180 staff working in offices in Glasgow, Edinburgh and Dundee, their legal specialisms include banking and finance, construction,…
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