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SMEs to Spend £500m on Software-as-a-Service by 2015
SMEs are rapidly adopting Software-as-a-Service),
although the supplier community is struggling to keep pace.
Most companies facing of challenges in their collections process
Collecting money is becoming slower, less successful and more
resource-intensive.
TDX launches HeliX
TDX have announced the launch of HeliX, a new data exchange that allows
creditors to share a new level of knowledge about consumers in arrears
Bailiff reforms "may be based on a false premise"
The ICM has questioned whether the reforms being proposed are based on a false
premise.
Payday lenders urged to support full data sharing
Equifax has urged all parts of the market to continue to work together to
share data.
Debt purchase market value hits £848 million
The UK debt purchase industry almost returned to its 2011 peak as the value
of the market hit £848 million.
Borro's average loan value to small business owners increases
Asset lender Borro claims its average loan value to SME owners and
the self-employed has risen from £17,000 to £20,000 in the first quarter of
2012.
Average household debt still rising
Average household debt (excluding mortgages) rose by £34 in January 2012, and
after a decline in February increased again by £19 in March.
Personal insolvencies set to rise
The Insolvency Service has released figures revealing that the number of
bankruptcies entered into in England and Wales in the first quarter of this year
was 9,132, a 27.2% drop on the 12,539 bankruptcies recorded in the same period
last year.
UK’s first universal business cash
advancer launches
A business claiming to the first in the country to offer universal
business cash advances has been launched.
Struggling businesses forced to pay tax upfront
From 6 April 2012 HMRC are be able to ask employers to pay a financial security
where it thinks there is serious risk that the business won’t pay over their
PAYE or NIC on time.
High street administration
appointments more than double
The latest statistics from the Insolvency Service show a massive increase in
the number of retailers which went into administration in the first quarter of
2012.
Banks must help to drive the export market for SMEs, says FPB
The FPB has welcomed research suggesting the number
of firms exporting goods and services has increased.
Businesses remain caught in a credit drought
Paul Aitken, CEO of borro, the UK's fastest growing personal asset lender has
commented on recent data on lending to businesses.
Consumer debt passed for collection now over £58 billion
Figures that show the full extent of outstanding consumer debt passed to DCAs or sold to Debt Buyers has been published for the first time.
Clinton Cards set to go into
administration
Clinton Cards PLC has announced that it expects a subsidiary of its Company's
largest supplier to take steps to place the Company and its subsidiaries
into administration shortly.
Credit News Archive
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