Credit, Collections & Insolvency News
If the macroeconomic changes of the last few months have taught the utility sector anything, it is that companies must have nuanced strategies in place to deal with household debt. Debt strategies in the utilities sector are evolving, driven by fresh technology, regulation and mounting competition. In volatile times, customer circumstances may alter in new…
Read moreCreditfix is calling for an increase in funding for money advice services, following a reduction in spending of 15 per cent since 2014-15. A recent report by the Improvement Service shows that only 17 per cent of over-debted individuals in Scotland are currently accessing debt advice services, and funding for money advice services has reduced by 15 per…
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The Centre for the Study of Financial (CSFI) Innovation has released a new report outlining the battle against financial exclusion in the UK. The report gives an overview of the state of financial inclusion in 2016 l. It includes themes, new initiatives and innovations, competition and regulation. It also highlights financial sustainability issues and the particular circumstances of low/volatile…
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LCM Partners has appointed Greame Laing as it’s new Head of Asset Finance Origination. Laing brings a deep product understanding and an extensive asset finance network, having worked in the credit and banking sector for over 22 years for companies such as CSA Financial, Bank of London and The Middle East and CIT Group. Laing’s appointment…
Read moreThe British Bankers’ Association (BBA) has releases it’s latest figures indicating a growth in consumer borrowing during December, but there are signs that demand may soften in 2017 as consumers and businesses anticipate higher interest rates. Gross mortgage borrowing totalled £12.6bn, up 3.6% from December 2015; while net mortgage borrowing grew by 2.5% compared to December…
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Research by Callcredit reveals that 81% of UK consumers are more likely to share their personal data once the general data protection regulation (GDPR) is in place. The legislation was originally drawn up by the European Commission to harmonise data protection within the EU and to govern the export of personal data beyond the EU’s…
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New finding show that free debt advice gives those in problem debt the helping hand they need to tackle their financial situation, pay off their debts and build money management skills for the future. The research by the Money Advice Service, shows that within three to six months of receiving regulated advice, nearly two-thirds (65%)…
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Peer-to-Peer lender Twino has announced that it has funded €100million of consumer loans across nine European markets. The platform has seen investment from more than 6,300 active investors from over 30 different countries, with 26% from Germany, 12% from the UK and 11% from the EE and Latvia. Twino has seen a significant uptick in UK investors…
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Research from Equifax has revealed that 90% of Brits have not heard of the Open Banking initiative, with 45% of respondents then going on to say that they are not likely to use Open Banking when it becomes available. When asked about sharing personal data through Open Banking, 60% said they would not consent to…
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Masthaven has announced it has appointed two new underwriting managers to join its first and second charge mortgage teams Daniel Miller has been recruited as underwriting manager for the bank’s second charge mortgage team and arrives after holding a similar role within the market at Prestige Finance. Jason Finch has been appointed to Masthaven’s first…
Read moreAldermore has announced the appointment of Rebecca Bunyan as Chief Information Officer (CIO). In her new role as CIO, Bunyan is responsible for the Bank’s technical infrastructure, IT operational excellence and superior delivery capability. Prior to joining Aldermore, Bunyan held a Group Operating Officer role within the insurtech industry and was accountable for software development and…
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The UK wastes a whopping £17.6 billion a year by letting money leach away on takeaways, snacks, coffees, ready meals and items and services which aren’t used – that’s an average of £360 of unnecessary spending per person, per year. New research commissioned by Gocompare.com Money identified takeaway food and drink as key areas where…
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Marston Holdings has announced that Chris Badger is to join Burlington Group as Director of High Court Services. Badger, one of the youngest people to be appointed an Authorised High Court Enforcement Officer in 2007 at the age of 29, has worked in the industry for over 14 years. In 2013, Badger was appointed to…
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