Stakeholders

BREAKING DOWN BARRIERS
EXTENDING ACCESS TO CREDIT TO FUND EDUCATION

ProGrad

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We are always looking for innovation and to keep members updated on how this might generate opportunities. The CCTA was interested to speak to a new company that is looking to extend access to credit to students seeking to fund their education.

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DANGEROUS WATERS
HUNTING THE LOAN SHARKS

The Illegal Money Lending Team

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The England Illegal Money Lending Team (IMLT) are a specialist unit that investigate cases, prosecutes illegal lenders and provides support for borrowers in need of assistance. What proportion of the public are able to identify an illegal money lender? It's easy to spot the clichéd characters we've all seen in films and soaps, the ones who generously offer loans only to turn nasty when a payment is overdue. They typically come in two forms, either the 1950's conman or the slick gangster. However, the IMLT can testify that illegal lenders operate in any area and can look like anyone. They will be a borrower’s best friend only for the dynamic to change rapidly when a payment is missed.

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BUILDING BLOCKS
COVID-19 ECONOMIC RECOERY AND CCJ DATA

Registry Trust Ltd

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Registry Trust maintains the Register of Judgments, Orders, and Fines for the UK and Ireland. We hold historical and ‘live’ data on monetary County Court Judgments (CCJs), which provides a picture of indebtedness and creditworthiness at a national and regional level and can be used to inform responsible lending and borrowing, policy making, and business decisions.

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BOUNCE BACK?
HOUSEHOLD FINANCIAL CRUNCH CONTINUES

The Money Charity

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Evidence continues to emerge demonstrating the scale of the crunch on household finances and its likely consequences. The March Budget brought welcome news of extended supports and measures, now lasting until September 2021, which will assist household’s finances as the UK moves onwards from a deeply challenging year. However, the picture of the sheer depth of issues which are forthcoming remains a concerning one.

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THE NEXT LEVEL
IS YOUR COLLECTION SYSTEM READY FOR THE CHALLENGE?

Telrock Systems

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We have never faced a situation that has required transition to distance collection management with agents working from home. Although most of us have lived through financial crises before and know that we need to start ‘planning for the future,’ we’re now in uncharted waters as to what to expect. The question is whether your collections systems are ready for this next challenge? Do they have the flexibility and ability to identify high risk customers needing special attention? What about at the same time meeting the majority of consumer needs and perceptions by providing an automated response, in the right medium, at the right time?

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