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10% rise in Business Insolvencies predicted by Experts

UK debt collections

Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs. Four out of five countries will see business insolvencies increasing in 2024 (+12% y/y on average), with the largest increases likely in the US (+28% y/y), Spain (+28%) and the Netherlands (+31%).

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10 year ban for dodgy Director

UK debt collections

Grigorijs Hacaturjancs was director of Beauty & Melody Shop Ltd which was incorporated in 2015 and operated as an online retailer for hair and beauty products. His disqualification is effective from 12 July 2022 and lasts for 10 years. The company was not related to the London-based chain of hair and beauty salons of the same name.

Retail 59
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UK Credit Market Report June 2021: Spending Tops 2019 Level

Fico Collections

As the UK was only just coming out of lockdown in June 2020, this rise in spend is unsurprising, but the fact that average spending was 3.5% (£23) above 2019 levels suggests that, for those who have been able to save through the pandemic, there is confidence in their future financial stability. Missed payment rates remain low. Looking ahead.

Lender 52
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FAQs Spell Out Employer-Sponsored Health Plan Requirements for Reimbursing Over the Counter COVID Tests Effective as of January 15, 2022

Fraser

Reimbursement of tests from non-preferred pharmacies or other retailers may be limited to no less than the actual price, or $12 per test (whichever is lower); however plans and insurers may elect to provide more generous reimbursement up to the actual price of the test. Please contact us with any specific questions. Elizabeth H.

Retail 52
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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

Fico Collections

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

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Debt Collection Now and Post-Covid

Nexa Collect

For example, consider leisure and hospitality workers, whose employment fell by over 20% compared to 2019, or book retailers and news dealers, who recorded a 48.9% drop from 2019. The next 6 to 12 months are going to be an uphill battle for creditors. Source: US Bureau of Labor Statistics.

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What Debt Repayment Trends Can Teach Us About Consumer Needs

True Accord

We turned to our data—aggregated across more than 12 million U.S. For example, the graph below shows click-through rate (CTR) trends for TrueAccord’s collection emails through late 2019 and early 2020 (the blue line), alongside the monthly change in U.S. Consumer confidence in the economy matters. Payments are scheduled around paydays.