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News & Industry updates
 

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'Markets brace for Bank of England interest rate decision' 

The Guardian

As global markets struggle to catch up from the onset of a global pandemic, now more than ever cashflow is vital and unpaid invoices will play a huge role in the survival of many companies.

Our clients are speaking with us to discuss their options and ensure they reduce late payment and improve debt collection methods, all whilst bracing themselves for another tough year.

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'Why energy bills are increasing'

The Independent

Soaring energy bills, fuel prices and cost of living are putting small businesses and individuals at risk.

We have various methods to help ensure our clients and the most vulnerable, are assisted throughout this period and ensure that debt recovery procedures remain compliant and protect our clients' good name

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Regulation & Rulings
 

'FCA tells lenders to support consumers struggling with the cost of living'


The Financial Conduct Authority (FCA) is today writing to more than 3,500 lenders to remind them of the standards they should meet as consumers across the country are affected by the rising cost of living.

With household bills expected to continue to rise into the autumn, it is important that firms act now to make sure borrowers struggling with payments and customers in vulnerable circumstances can access the help they need.


 

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'Trade body raises concerns over targets set for free-to-client debt advice'

Credit Services Association (CSA) publication


 

The Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has released a new report exploring the provision of debt advice for those facing financial difficulties and in need of support. 

The report found that although significantly increased funding had resulted in increased advice sessions, that was not reflected in the wider landscape.