Credit, Collections & Insolvency News
Credit reference agency and information solutions provider TransUnion (formerly Callcredit), has announced today the appointment of Satrajit “Satty” Saha as its new Chief Executive Officer (CEO). Outgoing CEO Mike Gordon will remain with the business as an adviser until the end of March 2019 to ensure a smooth transition of responsibilities. Prior to joining TransUnion’s…
Read moreRenting became more affordable in 2018 thanks to a combination of a once-in-a-decade fall in annual rents and wage inflation, according to The Deposit Protection Service (DPS). 2018 was the first calendar year since the global financial crisis of 2008 that average rents decreased in the UK, with the percentage of wages spent on rents…
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Consumers are starting 2019 with outstanding borrowing from 2017, with 3.1 million people still paying for Christmas 2017 according to a new study by Sainsbury’s Bank Credit Cards. The study found more than a quarter (27%) of people have debt remaining from two years ago. This New Year, UK adults still owe money from 2017…
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LendingMetrics has unveiled a range of upgrades to its award-winning automated decisioning platform. The data analytics specialist’s ADPv2 gives lenders faster response times and the ability to better fine-tune their lending decisions. The latest version of the low-cost Open Banking-ready technology is being rolled out this week to users across the UK and internationally. David…
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has submitted its response to the FCA concerning its proposals to introduce price controls in the Rent to Own market. In a statement, the Centre said: We very much welcome the FCA’s announcement to introduce price controls in view of the considerable harm being caused in this sector, and the very low incomes that customers…
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New survey findings commissioned from YouGov by StepChange Debt Charity reveal that more than a quarter of us (27%) started the New Year feeling uneasy about our finances. Among people who feel uneasy, two thirds (65%) have felt this way for more than a year. A fifth (22%) have felt uneasy for more than five…
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New research by Leeds Building Society found nearly a quarter of people in the UK who celebrate the festive season (24%) don’t save ahead for it at all. Conversely, 15% of those surveyed start saving in January although 39% tend to leave it much later and start putting money away from September onwards. As part…
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Consumers are bracing themselves for a major financial crisis and housing crash this year according to a new poll from Spearvest, a wealth management firm. The study, conducted by independent survey company Censuswide asked 1,000 members of the UK public about their views on the economic outlook for 2019. A total of 44 per cent…
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Over half (55%) of corporate business teams have increased the size of their compliance teams in response to the mounting regulatory pressures that have emerged over the last five years, according to a new study commissioned by Intertrust, a global service providing expert administrative services to clients operating and investing in the international business environment.…
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New research from innovative equity release lender more 2 life has revealed that nearly a third (28%) of adult children (aged 30-55) have never discussed their parents’ financial circumstances as a family. These people describe their family as being ‘very private’ about their personal finances, suggesting that money matters are rarely or never discussed as a family.…
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Anchor Computer Systems has completed the acquisition of the award-winning Managed Services business of VTG Cloud. The seven-figure deal enables Anchor to significantly enhance the range of services it is able to provide. The acquisition includes the assets and contracts related to the Managed Services side of VTG Cloud. VTG Cloud will continue to operate…
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Provident Financial, expects its full-year results for 2018 to be on the “lower end” of market expectations. The prediction as was made as part of the company’s trading update for the financial year ending 31st December, the company said profits are anticipated to be at lower end of the range of market expectations of £151m to…
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New figures released by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 1% in November, compared with the same month in 2017. The percentage of private new car sales financed by FLA members through the POS was 91.2% in the twelve months to November.…
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