Credit, Collections & Insolvency News
Elevate UK has added four new members to its executive team. Lauren Darby joins as Vice President of Marketing, Karen Taylor as General Counsel & Director of HR, George Power as Senior Director for Product Development, and Steve Grice as Chief Technology Officer. Lauren Darby is heading up Elevate UK’s marketing division, which includes leading…
Read moreFamilies with children are more than twice as likely to have been trapped in problem debt as childless households, research by The Children’s Society has revealed. A survey commissioned by the charity found that one in five families with children in England and Wales (20%) have struggled with problem debt in the last year. By…
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Severn Trent has announced it will acquire rival water company Dee Valley Water in a deal worth £78.5 million. Severn Trent operates in neighbouring of Dee Valley Water areas in England and Wales. It will pay 1,705 pence in cash per share for the company, which supplies approximately 62 million litres per day to more than 258,000…
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Latest figures from Equifax Touchstone indicate that Northern Ireland and Scotland saw a big slump in mortgage sales at -8.7% and -5.2% respectively during October. The Home Counties and South Coast were the only regions to report mortgage sales growth in October (+2.5% and +1.0% respectively), according to Equifax Touchstone analysis of the intermediary marketplace. Northern…
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TotallyMoney.com has hired Tom Platt to head up its commercial team. Platt starts the new role as Chief Commercial Officer in late November. With over 15 years of experience working in the financial services and technology sectors, Tom joins TotallyMoney.com from leading cloud services platform provider BCSG, where he oversaw global sales and partnerships. Prior…
Read moreThe Credit Services Association (CSA) has issued some simple guidance around debt, and particularly how to avoid becoming a case of ‘mistaken identity’ and how to resolve the matter should it occur. · Keep creditors up-to-date with current contact details: If you move, change phone number, email address, or even change your name, inform all…
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The Council of Mortgage Lenders (CML) has published it’s latest research identifying underlying mortgage lending trends. Paul Smee, director general of the CML, said “House purchase activity appears to have steadied, we may not be seeing huge increases in activity on the scale of 2013-14 but there is a consistency in the levels in recent months. Mortgage…
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GFKL Lowell Group has announced the appointment of Thomas Dold, previously CEO of Tesch Inkasso Group, as DACH (Germany, Austria, and Switzerland) Regional Manager with immediate effect. The Regional Manager role is a new one for the Group and is introduced to bring the capacity and capability necessary to drive the Group’s growth. Thomas Dold…
Read moreCitizens Advice has said that energy firms charging much higher prices for the standard tariff is fundamentally unfair. This follows the Secretary of State for Business and Energy Greg Clark saying that he will look at evidence that it has been claimed shows gas and electricity firms make as much as 24 per cent profit…
Read moreEquifax has commented that the clock has started for Telco businesses to prepare for new data protection rules. Neil Compton, Telco and Utilities Director at Equifax said “Privacy and data protection are high on the agenda for consumers and regulators. Telcos are custodians of vast amounts of data and must start overhauling their procedures now to…
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Three-fifths (59%) of British adults say they are neither more pessimistic nor more optimistic about their personal finances following the UK’s vote to leave the EU, according to new research by insolvency and restructuring trade body R3. However, the R3/ComRes survey of over 2,000 British adults found that one-in-four (25%) say they are more pessimistic…
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Nearly a quarter of UK adults (23%) – 11.6 million people – are still struggling with last Christmas’ financial hangover, according to new research conducted on behalf of Debt Advisory Centre*. The average outstanding debt is £517 – suggesting that £6 billion borrowed last Christmas is still outstanding. Overall, 46% of people say that they…
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Intrum Justitia and Lindorff have announced plans to create Europe’s leading debt collection credit management service. The two companies have a local presence in 23 markets across Europe and a team of more than 8,000 employees. By joining forces, both local and global clients will benefit from a strong pan-European platform, enhanced service offering, innovative…
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