Debt collection has been around longer than the existence of money itself. Today, debt recovery plays a central role in the credit industry as more and more people apply for mortgages, auto financing, student loans and healthcare assistance. Thankfully, the… read more →
We are delighted to announce that Cabot Financial have acquired the Credit Union business of XRS. Cabot Financial are Ireland’s largest provider of credit management outsource solutions to the Credit Union and financial services sector. This will provide our Credit… read more →
Wonga to pay £2.6m in compensation to 45,000 customers
http://www.irishexaminer.com/breakingnews/business/wonga-to-pay-26m-in-compensation-to-45000-customers-634448.html
Payday lender Wonga is to pay more than £2.6 million in compensation to around 45,000 customers for “unfair and misleading debt collection practices”, the UK markets regulator has announced. The UK’s biggest payday lender was found to have sent letters… read more →
XRS are proud to announce a deal with Ballyphehane Credit Union to provide our legal collection system (LMS) to assist in their efforts to manage the legal collections function of the Credit Union in-house. This is the first such deal… read more →
ILCU leader Kieron Brennan makes switch
http://www.independent.ie/business/world/the-punt-league-leader-kieron-brennan-makes-switch-30372475.html
Kieron Brennan is leaving to take over as boss at the National Association of Building Co-operatives, a charity that promotes the provision of social housing.
AIB says legal letters resulted in more ‘engagement’ by borrowers with the bank
http://www.rte.ie/news/business/2014/0619/624967-aibs-ceo-signs-permanent-contract-with-bank/
Half of the 6,600 legal letters sent out by AIB to borrowers in arrears of 90 days or more have resulted in engagement with the bank by the borrowers. Chairman David Hodgkinson told shareholders at the bank’s AGM that none… read more →
Credit unions will take on banks with new debit card
http://www.independent.ie/business/personal-finance/credit-unions-will-take-on-banks-with-new-debit-card-30294712.html
CREDIT unions are speeding up the roll-out of new electronic payment options and are in talks with Visa and MasterCard about providing debit cards for members.
Text messaging through RMS Online is now available to our Credit Union customers. The text messaging capability is fully integrated into the workflow, giving Credit Controllers a sophisticated texting tool that allows them to significantly improve the process of contacting… read more →
Newbridge Credit Union members “will default on loans” if merger goes through
http://businessetc.thejournal.ie/newbridge-credit-union-members-will-default-if-merger-goes-ahead-1076335-Sep2013/
A FORMER COMMITTEE member of the campaign to save Newbridge Credit Union has said that a proposed merger between Naas and Newbridge Credit Unions would lead to “colossal” losses. Frank White, who stepped down from the campaign in order to… read more →
It is now possible to process card payments through RMS Online. The card payment capability is fully integrated into the Credit Control workflow, giving Credit Controllers a sophisticated pay-ments tool that reduces the resources required to collect money from members.… read more →