Remove Collection Agent Remove Debt Recovery Remove Financial Institution
article thumbnail

Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments

UK debt collections

The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them. If the 60% expected default rate becomes apparent, then the tactics banks employ to call in debt will be brought into the spotlight.

article thumbnail

General Insurance Code of Practice and Hardship

Debt Recoveries

As Debt Recoveries Australia services a significant portion of the insurance industry, it has been of the utmost importance that we remain aware of the changes to the code and how they affect our clients, their insured customers and any third parties that recovery may be sought from in a claim. .