Credit, Collections & Insolvency News
1st Credit and Telrock Systems are pleased to announce that the SmartCollect platform is today in full production across the 1st Credit business. The platform allows 1st Credit to execute cost effective SMS and email campaigns to engage with its customers and provides a 24x7x365 self – service capability to its customers through the SmartCollect…
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The majority (64%) of UK adults are budgeting to spend an extra £96.22 per week on food during the Christmas and New Year period, reveals new insight from short-term loan provider Sunny. The insight into this year’s festive food shopping habits reveals that those UK shoppers planning to splash out more this Christmas, believe they…
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For nearly three in ten (28%) women in the UK, the inability to support themselves or their families financially is their greatest financial fear. A new report from Aegon ‘Protection matters: does women’s financial planning match their priorities?’, which draws on the opinions of more than 2,000 women, found that nearly half (46%) believe it’s…
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The BBA has released high street bank figures for October. Dr Rebecca Harding, BBA Chief Economist, said “Consumer credit is now growing at its fastest rate since November 2006, reflecting strong retail sales growth. Consumer confidence remains robust as borrowers take advantage of record low interest rates. Mortgage approvals ticked up a little October. There has only…
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The UK Card Payments Association has announced that payment card spending grew by 0.6 per cent in September to reach £54.7 billion, driven largely by a £302 million rise in debit card spending. Card spending increased by £4.4 billion in the three months to the end of September compared to the previous quarter, a 2.8%…
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Lowell GFKL Group, has announced its latest company results for its third quarter ended 30 September 2016. Commenting on the results, Colin Storrar CFO said: “I’m pleased to announce the delivery of impressive results by the Lowell GFKL Group. We have seen positive momentum during the third quarter with significant growth in both Cash EBITDA and 120…
Read moreExtra Energy has come bottom of Citizens Advice’s latest energy complaints league table for the third consecutive quarter – with customers continuing to report billing problems. The firm has ranked lowest in the table – which measures how well energy suppliers are handling customer complaints – since the start of 2016. However Extra Energy has…
Read moreCitizens Advice has responded to the Chancellor Philip Hammond’s Autumn Statement. Gillian Guy, Chief Executive of Citizens Advice, said “This Autumn Statement tackles some of the problems facing struggling families. It is good that government is willing to take action on failing consumer markets, including energy and letting agents, and tackle issues around pension scams.…
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Paragon Bank has announced plans to launch a new range of specialist residential mortgages. In a report for the year ending 30th September 2016, the bank revealed that it intended to follow the launch of its development finance proposition and two acquisitions in the asset finance market with new specialist residential products in the first…
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Spring Finance has promoted Kate Hill to Underwriting Manager. Hill has been an underwriter at Spring Finance since joining the company in July 2015. She previously worked at packagers The Loans Engine and Loans Warehouse, as well as Barclay’s, during the first 13 years of her career. Hill will be assisted by new underwriter Penny…
Read moreA new study from Citizens Advice reveals the challenges faced by “just about managing families” and says many of the problems are ‘fixable’. The report is based on new analysis of the problems faced by the 700,000 working people helped by Citizens Advice between October 2015 and September 2016. It identifies the most common challenges…
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Research from a YouGov poll has revealed that almost half (49 per cent) of people in Scotland admit to being in debt with many of these feeling the strain, just weeks before Christmas. The poll, which was commissioned by Scotcash and Scotwest Credit Union, revealed almost 1 in 2 (49 per cent) of adults surveyed…
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Christmas spending is set to hit £19 billion this year, with Brits ignoring the Brexit blues and splashing out an average of £415 each in the run-up to Christmas – 4.5 per cent more than the same time last year according to research by MoneySupermarket. The research predicts that: Brits will splash out £19 billion this year…
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