Credit, Collections & Insolvency News
http://www.cityam.com/248074/small-businesses-lost-6bn-last-year-not-chasing-bad-debts
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Nick Rossister has been appointed Deputy Chief Executive at the Registry Trust.
Read moreA R3 report has found that at least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company. The survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of 23% of insolvencies in the last…
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 moreA report by the Chartered Institute of Credit Management (CICM) has shown that business confidence continues to fall within the manufacturing sector following Brexit, according to the latest Credit Managers’ Index. The quarter index however, showed that confidence within the Services sector has slightly improved and rallied after a poor first quarter, arresting the decline of the index…
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