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Fair Isaac Announces Keynote Speakers for InterACT 2009
Monday, 12 January 2009

Fair Isaac Announces Keynote Speakers for InterACT 2009: The New Face of Risk, March 10-13 in New York City. World-Renowned Economic Authorities to Address Financial Crisis.

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ifs School of Finance celebrates 130 years of success
Friday, 09 January 2009

This year marks the 130th anniversary of the ifs School of Finance. The ifs School of Finance was founded as the Institute of Bankers in 1879 to provide qualifications for the banking industry.  

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Bank rate cut by half a percentage point
Thursday, 08 January 2009

The Bank of England cut interest rates by half a percentage point on Thursday to a record low of 1.5 percent as it battles to keep Britain from falling into a deep slump, and experts say borrowing costs will fall again next month.

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UK Risk & Insolvency Report forecasts further rise in company insolvencies
Thursday, 08 January 2009

County court judgments have risen by 29 per cent over the past 12 months signaling further corporate distress for UK plc as companies struggle with tightening cash flow and ready access to bank debt.

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New Head of Compliance and Internal Audit for Lowell Group
Monday, 05 January 2009

Lowell Group, the Leeds-based debt purchasing specialist, has appointed Sam Marsden as its new Head of Compliance and Internal Audit. Sam has 10 years experience in financial services with GE Money UKU across a broad range of areas, including risk management, internal audit and debt collection.

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Latest Credit Action debt statistics
Monday, 05 January 2009

Total UK personal debt at the end of November 2008 stood at £1,456bn. This has slowed further to 4.1% in the last 12 months which equates to an increase of ~ £56bn.

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2008 electoral roll data added to Equifax database
Friday, 02 January 2009

New Electoral Roll data already available to lenders for credit and identity checks as leading credit and business information specialist, Equifax, completed the uploading of the 2008 electoral roll data from all the UK’s local councils on 1st January 2009, making the powerful identity verification information available to lenders immediately.

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UK GDP set to fall more than in 1990s recession
Friday, 02 January 2009

The British Chambers of Commerce (BCC) has published its January 2009 Economic Forecast update, the first of the year, which predicts cumulative GDP falls totalling 2.9 per cent over the five quarters between Q3 2008 and Q3 2009; this compares with cumulative GDP declines of 2.25 per cent predicted in the November forecast.

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Creditors get better access to information in company failures
Friday, 02 January 2009

New rules that will require administrators to reveal to creditors the name of the buyer and the price paid when carrying out a 'pre-pack' administration will be introduced on 1st January 09. Pre-pack administrations tend to be used where commercial pressures require urgent action.

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First-time buyer home affordability has improved significantly in 2008
Friday, 02 January 2009

The new Halifax First-Time Buyer (FTB) Affordability Review tracks housing affordability in 406 local authorities (including 32 London boroughs) across the UK. A local authority (LA) is classified as affordable if the average house price for a FTB is lower than the price someone on average earnings in the area can pay based on the historical average house price to earnings ratio of 4.0.

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Fair Isaac Announces Release of Debt Manager 7
Friday, 19 December 2008

Fair Isaac Corporation, the leading provider of analytics and decision management technology, today announced the immediate availability of Fair Isaac Debt Manager solution 7, the first available product of the Fair Isaac Decision Management Suite.

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