Credit, Collections & Insolvency News
C&R Software and award-winning Fintech start-up IE Hub have agreed on a partnership to help consumers in financial stress.
C&R Software has announced an integration with IE Hub’s online affordability system, creating sustainable payment plans for consumers meeting financial obligations. The partnership increases engagement and humanizes the collections process, making it easier for consumers struggling to regain good financial health. This comes at a time when personal debt is projected to increase across the UK, due to the rise in inflation and the recent Ofgem energy price cap announcement.
Dylan Jones, IE Hub CEO, said “Personal debt has increased significantly across the UK, and projections indicate more families may struggle in 2022. Our system makes consumer affordability assessment easier, and this strategic partnership removes many of the repetitive processes consumers experience today.”
John McMahon, Vice President of EMEA and APAC Operations at C&R Software said “Our mission is to support our clients as they help their customers set up sustainable payment plans that can be easily configured to meet circumstances that continually change. This integration comes at a time when credit issuers need a flexible, configurable system to properly support their customers in financial distress. The goal is to give everyone in this situation a clear path to good financial health.”