Intrum UK has once again secured Investor in Customers (IIC) Gold accreditation, reinforcing its commitment to deliver the highest standards of customer service.
Intrum’s 2022 European Consumer Payment Report, published today (24 Nov.), paints a gloomy picture of consumers’ financial wellbeing and economic outlook. With rapidly increasing costs of living, consumers are cutting back on sustainable goods and services to manage their household finances.
Credit management services company Intrum has agreed a £36.5m deal to buy the Capquest and Mars UK servicing platforms from European fund manager Arrow Global, along with a £121.25m investment for 50% of Arrow’s UK back book consumer portfolios.
Businesses are paying their suppliers even later, despite admitting that they have a responsibility to smaller firms, according to early findings from the 2022 European Payment Report. The annual report by credit management services company Intrum surveyed more than 11,000 businesses in 29 countries. It found the business landscape under pressure from new uncertainty, while struggling to recover from the impact of the Covid years.
Credit Management Group Intrum UK has continued to expand its team with the addition of David Price as Compliance Director and David Stranaghan as Strategic Account Manager for its partnership with Sainsbury’s Bank.
Credit management group Intrum UK has agreed to purchase the entire loan portfolio (the ‘Portfolio’) currently owned by Debt Managers (Services) Ltd (‘DMS’ or ‘Debt Managers’) , a subsidiary of Secure Trust Bank PLC (‘Secure Trust Bank’).
Credit management group Intrum UK has signed an agreement to manage the collections and recoveries functions for the Sainsbury’s Bank and Argos Financial Services portfolios.
One in three people are struggling to keep up with their bills or credit commitments, according to research published today by StepChange Debt Charity. That’s the double the number who were struggling before the pandemic hit.
Eddie Nott, Managing Director for Intrum in the UK and Ireland, says collections specialists have to be nimble in the face of ongoing uncertainty. As we move into 2022, there are more questions than answers when it comes to Covid and the impact it will have on the economy, our businesses and the work we do with consumers in debt. Uncertainty is becoming the status quo.
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