Credit, Collections & Insolvency News
The British Bankers’ Association (BBA) has added Just Loans Group to it’s associate membership. Just Loans becomes the first alternative commercial lender to join the association. Just Loans Group Chief Executive Officer John Davies said “I don’t believe that traditional banks and alternative lenders are in competition with each other as they share the common aim…
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The Asset Based Finance Association (ABFA) has reported that the total amount of lending UK businesses secured through invoice finance has passed the £20.3 billion barrier, up 5% from £19.3 billion last year. The amount of Invoice Finance and Asset Based Lending secured by UK businesses has risen by over a quarter (27%) over the…
Read moreResearch by Barclays Business has found that up to £550 million is lost every year by SMEs forgetting to pay in or losing cheques written to their business. Of those that have lost or forgotten to deposit a cheque, two in five (38%) admit to doing it only on one occasion, however one in five…
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United Trust Bank has appointed Richard Murley as its new Chairman
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A third of students would rather ask their parents for money rather than forego nights out, a new study from Nationwide Flex Student has revealed. Two thirds of British parents have had to cut back on their standard of living to pay for their children’s university education, according to the poll. The study of 500…
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http://www.cityam.com/248777/consumer-spending-hit-13-month-high-august-brits-overspent
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New research published by the Money Advice Service* has identified that while over two thirds of young adults (69%) say they have financial goals, most don’t have a plan to reach them. This lack of financial planning could mean that many young adults may fall short of achieving their aspirations. Analysis carried out for the…
Read morehttps://www.theguardian.com/business/2016/aug/31/pwc-fined-over-auditing-of-subprime-lender-cattles
Read moreThe gap between how well the best and worst performing energy suppliers are at dealing with customer complaints is the widest on record, Citizens Advice reports. Extra Energy performed 80 times worse than the best performing supplier SSE, according to the charity’s latest energy complaints league table. Citizens Advice publishes the quarterly results to show customers…
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Cabot Credit Management (CCM) has appointed Jose R Cadena as its new Chief Executive Officer (CEO) for its Spanish operation Gesif S.A.U. effective from 12th September.
Read moreA report by StepChange debt charity has found that the number of people seeking debt advice, who owe money to family and friends is rising and the average amount borrowed is now more than £4,000. The charity’s figures from the first half of 2016 show that 28% of the charity’s clients now owe money to…
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New research from Echo Managed Services has found that one in four people want businesses to contact them via digital channels in order to settle their debts. 25% of the 1,500 consumers questioned said digital means, such as SMS or email (particularly when these are linked to an online payment portal) would likely lead to payment of a debt. 40%…
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Leeds Building Society has appointed Richard Dew as it’s new Head of IT Risk and Governance.
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