UK debt collections

JUNE 21, 2022

International Business late payment is expected to rise across Europe according to latest research. A survey conducted by Intrum AB of 11,000 European companies predicts that Businesses are expecting late payments to rise. The rise is expected due to rising inflation, fuel costs and interest rates.

Collection Agencies 64

Collection Agencies Collections Agency Collections Trade 64

On Guard

MARCH 7, 2022

How can companies avoid payment pitfalls and lower their DSO in times of economic uncertainty? When it comes to late payments, prevention is always better than a cure. So how can companies avoid payment pitfalls and lower their DSO? So how can companies avoid payment pitfalls and lower their DSO?

Credit Management 52

Credit Management 52

UK debt collections

NOVEMBER 15, 2023

Uk Business insolvency is officially on the rise. The latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales for October 2023 was 2,315, 18% higher than in the same month in the previous year (1,954 in October 2022). Businesses are being battered from all sides.

Government 59

Government Trade Retail Creditors 59

CICM

AUGUST 17, 2021

In this week’s guest blog, the Menzies LLP Creditor Services team look at the changing economic landscape, alongside Small & Medium sized Businesses’ (“SMB”) debt statistics. Economy continues to grow. The BBC recently reported that the economy grew by 0.8% Late payments on the up. Monthly cap at £2,500.

Government 40

Government Creditors Credit Management 40

CSA

DECEMBER 7, 2022

BEIS announces review into tackling late payments for small businesses. The Department for Business, Energy and Industrial Strategy (BEIS) has announced plans to carry out a comprehensive review into tackling late payments for small businesses. Latest FOS newsletter published.

Government 40

Government Consumer Credit Creditworthiness Financial services 40

Troutman Sanders

NOVEMBER 7, 2023

Consumers who did not pay the fee had to wait up to three business days for their advances. However, the complaint alleges that the defendants accessed and misused tens of millions of dollars for various purposes, including market manipulation of the crypto asset, business expenses, investments in unrelated companies, and personal use.

Financial services 52

Financial services Debt collector Loans Foreclosure 52

True Accord

JULY 13, 2023

The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. Lawmakers are looking for other relief options, but in the meantime, many consumers will face higher monthly scheduled payments than they can cover, leading to delinquencies across credit types.

Financial Institution 65

Financial Institution Student loans Student Loans Loans 65