Online news


Video: First recipient of the Martin Williams Contribution to the Credit Industry Award 15 May 2012

Kurt Obermaier - the first president of FENCA - took home the first Martin Williams Contribution to the Credit Industry Award at the Credit Today Awards._Read full story


Debt collection industry faces "perfect storm" 15 May 2012

The debt collection industry is facing a “perfect storm” because the current methods of pursuing debt are not working, a survey has concluded. _Read full story


Video: Credit Today Awards 2012 Winners 15 May 2012

Video interviews with the winners of the Credit Today Awards._Read full story


Video: Almost £20,000 raised for charity 15 May 2012

Generous guests at this year's Credit Today Awards put their hands in their pockets and have donated almost £20,000 to charity._Read full story


Rogue firms could face earlier identification 14 May 2012

Financial institutions could face being named and shamed at an earlier stage if the new financial regulator uncovers malpractice and decides to take enforcement action._Read full story


OFT keen to intervene early 14 May 2012

The director of consumer credit at the Office of Fair Trading (OFT) has revealed that he wants to intervene early against firms that pose risks to debtors. _Read full story


Mortgage lenders and regulators still at odds 14 May 2012

Tensions are simmering between mortgage lenders and regulators over changes to the future supervision of the mortgage market, despite the Financial Services Authority (FSA) compromising on its initial proposals._Read full story


Pre-packs slammed for creating "market distortions" 11 May 2012

Pre-packs have been slammed for creating “market distortions” and causing “significant damage” to creditors and rival businesses. _Read full story


One voice needed for alternative lenders 11 May 2012

Alternative lenders face being “hammered” if they cannot defend their products from sceptical regulators and consumers through a single voice._Read full story


Credit Today Awards winners revealed 11 May 2012

Credit Today can now proudly reveal the full list of winners from the 13th annual Credit Today Awards. _Read full story


Freds founders launch debt buyer Merligen 9 May 2012

The founders of debt collection agency Fredrickson International have launched a debt purchase company to focus on smaller value deals._Read full story


Wonga chief tackles pricing issue 9 May 2012

Wonga’s chief executive has mounted a stern defence of the firm’s product prices during a demonstration of its new business loan offering. _Read full story


NCI joins ASTL 9 May 2012

Credit management and debt recovery support business NCI has joined the Association of Short Term Lenders (ASTL). _Read full story


Debt purchase market value hits £848m 8 May 2012

The UK debt purchase industry almost returned to its peak in 2011 as the value of the market hit £848m, a new report has found. _Read full story


Payday is the new credit card says CFA chief 8 May 2012

Reputational issues surrounding the world of payday loans have never been higher in the media’s spotlight. _Read full story


Wonga expands into business loans 8 May 2012

Wonga.com has turned its attention to UK businesses with the launch of an online cash loan service._Read full story


UK’s first universal business cash advancer launches 7 May 2012

A business claiming to the first in the country to offer universal business cash advances has launched today (7 May). _Read full story


Growth predicted for asset finance 4 May 2012

Asset based finance is set to grow by 9% in 2012 with £17.2bn made available to businesses in the UK and Ireland, according to findings made by the Asset Based Finance Association (ABFA)._Read full story


Experts predict personal insolvency rise 4 May 2012

Experts have predicted a dramatic rise in the number of people facing serious debt problems despite official figures revealing an annual fall in the number of individual insolvencies._Read full story


Impairments down at RBS 4 May 2012

Impairment losses at Royal Bank of Scotland reached £1.3bn in the first three months of 2012, a 32% drop on the figure recorded one year ago._Read full story