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Retail Insolvencies continue to rise in the UK

UK debt collections

Retail Insolvencies are expected to continue to rise according to latest industry expert findings. Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in retail insolvencies”.

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Delivering Trust for Risk-Aware Telcos - Using Data and Analytics

Fico Collections

Telecommunication businesses are fighting hard with acquisition campaigns in a bid to win more trust, more business and new customers. Telcos and the Need for Risk-Aware Persona-Based Acquisition. Smart Contracting, Faster Acquisition and Consumer-Initiated Pre-Qualification. Wed, 09/28/2022 - 15:25. But it’s all about trust.

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US bankruptcy wave may stretch into 2024, but pace could slow

Collection Industry News

Dec 13 (Reuters) – The retail sector could continue to lead U.S. Among sectors, consumer discretionary companies topped the list of bankruptcies in the first 11 months of 2023 with 76 filings, S&P Global data showed, including retail darlings such as Bed Bath & Beyond. There have been 591 U.S.

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Risk-Aware Marketing to Personalize Telco Customer Engagement

Fico Collections

Market-leading operators are incorporating mathematical optimization and simulation to continually learn and improve their acquisition strategies, customer experience and customer retention. Mastering Acquisition with Risk-Aware ‘What-If’ Scenarios. Proactive Risk-Aware Management is Everything When it Comes to Retention.

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Debt Collection in the Pandemic: UK Lenders Face Big Challenges

Fico Collections

But on the flipside, banks are also obliged to carefully handle collections, recoveries and manage their most financially vulnerable customers – all while under increasing regulatory scrutiny. The trend has seen some online retail POS lenders come under fire amid claims they are encouraging shoppers to spend more money than they can afford.

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Barclays Buys $3.8 Billion Gap Credit Card Portfolio In The US

Collection Industry News

The co-branded credit card accounts and receivables were issued in partnership with clothing retailer The Gap Inc , and the deal is expected to close in the second quarter of next year. WALMART, GAP WILL DEBUT GAP-BRANDED HOME COLLECTION. Billion Gap Credit Card Portfolio In The US appeared first on Collection Industry News.

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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations. Rite Aid’s retail pharmacy segment has long been a key growth driver for the company, but that hasn’t been enough to offset its mounting losses.