A new definition for vulnerability

A new definition for vulnerability

Reading Time: ( Word Count: )The word vulnerable conjures images of weakness and susceptibility. Since March 2020, vulnerability has most frequently been used within the health industry, in relation to both physical and mental wellbeing. In the debt space, every...

Debtor Profile Changes – How are IPs Responding?

Debtor Profile Changes – How are IPs Responding?

A new type of consumer is emerging in the debt industry - the ‘Covid Debtor’.  The global pandemic has triggered job losses across the country, seeing people previously in well paid, secure jobs now unemployed. Entire industries have faced unprecedented...

COVID Impact – 3.6 Million Worried About Paying Bills

COVID Impact – 3.6 Million Worried About Paying Bills

COVID Impact – 3.6 Million Worried About Paying Bills  In a recent survey by Go Compare, it was found that 3.6 million people in the UK are worried they may not be able to pay their bills. The impact of COVID has led to widespread redundancies, which has had...

Cerebreon Interviews – Gillian Doyle.

Cerebreon Interviews – Gillian Doyle.

Profile.  Gillian Doyle is Cerebreon’s Chief Executive Officer, former senior analyst of Watch Portfolio Management and graduate of UCD with a PhD in "The plasmonic response and coupling of nanoforests and nanoparticles.".  Gill, why did you found Cerebreon?...

UK Debt – Are 3-month payment freezes a ticking time bomb?

UK Debt – Are 3-month payment freezes a ticking time bomb?

The outbreak of COVID-19 resulted in all but non-essential businesses closing to reduce the spread of the virus. Over 2.1 million people applied for Universal Credit in April and more than 10 million people supported by Government schemes.  The financial stress of...

Repayments: Are Creditors Operating in the Dark?

Repayments: Are Creditors Operating in the Dark?

It’s time to shine a light on debt data. Debt fuels economic growth and is one of the earliest concepts predating money, but it’s not free of danger and must be handled carefully. Attempting to buy a house is now almost impossible without a mortgage and businesses...

IVA Providers: Are Fixed Fee Arrangements Breaking the Bank?

IVA Providers: Are Fixed Fee Arrangements Breaking the Bank?

Over the last decade, creditors have raised increasing concerns about the level of fees insolvency practitioners charged for Individual Voluntary Arrangements (IVAs). Many creditors felt unhappy that insolvency practitioners recovered their costs within the first 20...

Rebuilding Debt Recovery with Data and Deep Learning

Rebuilding Debt Recovery with Data and Deep Learning

Tackling the biggest challenge facing the insolvency industry.  The debt and insolvency industry has a big problem.  There’s a black hole of data that’s limiting the sector’s ability to make effective decisions and do what’s right for the most vulnerable people...