Credit, Collections & Insolvency News
A report by TUC and Unison suggests that about 1.6 million UK households are living in extreme debt. The report says official figures underestimate the intense burden of repayment on many families and individuals. The Britain in the Red report says households are finding it harder than ever to cope as wages have fallen. Total unsecured…
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Nick Rossister has been appointed Deputy Chief Executive at the Registry Trust.
Read moreA growing number of non-performing loan (NPL) portfolio transactions are being concluded in Southeast Europe, with Bulgaria, Greece, Serbia and Slovenia all expected to see more sales in the near future. In Slovenia, the country’s largest bank Nova Ljubljanska Bank (NLB) is selling off €800million worth of NPLs in three tranches, as it cleans its…
Read morehttps://www.theguardian.com/money/2016/aug/23/aa-mortgages-fixed-rate-breakdown-cover
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http://news.sky.com/story/wonga-shake-up-goes-on-as-jordan-takes-top-uk-job-10548010
Read moreMortgages4Life has received full regulatory approval from the Financial Conduct Authority (FCA) to launch a range of products aimed at borrowers aged 55 and over, with the aim of improving choice in the later-life market. Chief Executive Simon Little said: “We are assembling a strong and credible team who understand the broker market and what their customers…
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Comparison website energyhelpline has released the results a survey revealing that a third of UK households, who have stuck to the same supplier for at least five years, have spent £18.7bn more than they needed to. For the 15% of households who have not switched to a cheaper supplier for between five and 10 years, that equates to a…
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The Financial Conduct Authority (FCA) has appointed Michael Welch as Director of Retail and Regulatory Investigations.
Read moreArrow Global Group PLC have received their full Financial Conduct Authority (FCA) authorisation. The group includes Capquest Debt Recovery. Commenting, Tom Drury, Group Chief Executive Officer, said: “We are delighted to have received the necessary FCA authorisations. They are an important milestone for the Group and are core to delivering on our strategy.”
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Following on from the Government announcement of March’s Retail Prices Index (RPI) rate of inflation at 1.6%, millions of students and graduates will be charged more interest on their student loans from September. The RPI rate of inflation is used to decide how much interest graduates pay on their student loans – a much higher figure…
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Close Brothers Motor Finance has expanded its Motorcycle Division with the appointments of Lee Collins and Paul Crossley as Motorcycle Account Specialists
Read moreThe government has confirmed that the UK’s national programme which links smart meters to energy suppliers will now not be ready until the autumn. The government wants every home and business to be offered a smart meter by the end of 2020. That requires 53 million meters to be fitted in over 30 million premises over the…
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LeadAffinity.com has launched a new strategic partnership with Cashfloat.co.uk, a trading style of Western Circle Ltd (WCL). The partnership agreement has a mutual aim of ensuring its customers have access to Cashfloat.co.uk as a lender and any customers that are not eligible for a Cashfloat.co.uk loan have access to the lending panel of LeadAffinity.com Lead Affinity, a trading…
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