http://www.iicm.ie Credit Management Interactive http://www.iicm.ie/images/newiicmsmalllogo.jpg http://www.iicm.ie http://www.iicm.ie/News_323.shtml This is according to Irish Judgments, the company which collates judgment information from the Four Courts. Almost €113.1 million of consumer debt was registered in the first quarter of this year, compared with just €88.2m over the same period last year — an increase of €24.9m. There were 991 cases in quarter one of this year compared with 807 last year. News_323 http://www.iicm.ie/News_322.shtml CONSUMERS who run up arrears on their electricity or gas bills and then switch to another operator before settling their accounts could find it harder to change provider under new rules. The energy regulator last night confirmed it had decided to bring in a new system of "flagging" any gas or electricity account where there were arrears. News_322 http://www.iicm.ie/News_321.shtml MORTGAGE brokers have warned that people are paying credit-card bills before their home loans because card companies are pursuing the debt "to the bitter end". While the code of conduct for mortgage arrears means banks cannot make more than three unsolicited communications with mortgage holders a month, there are no restrictions on how many times a credit-card company can contact its customers and pressurise them to repay the debt. News_321 http://www.iicm.ie/News_320.shtml Licensing of those providing debt advice is a good thing. There is a heavy responsibility on those providing advice to those already in financial difficulty. They need to be professional in delivering this service and not add to the burden already being felt by individuals and families. News_320 http://www.iicm.ie/News_319.shtml After upgrading many of its country ratings in 2010, Coface is now downgrading 10 country ratings, including those for Japan and several countries in the Middle East/North Africa region. Coface has revised downwards its world growth forecast for 2011 from 3.4% to 3.2%, notably as a result of recent events in Japan, North Africa and the Middle East. Despite this downturn, the economic environment remains buoyant. News_319 http://www.iicm.ie/News_318.shtml The Irish Exporters Association (IEA) today (2/3/11) outlined priorities for the new Government if an export-led strategy to restore Ireland’s economic health is to be achieved. In outlining its own five areas of action the Association stressed that the Government must hit the road running by taking positive actions and must avoid wasting valuable time in further analysis. News_318 http://www.iicm.ie/News_317.shtml THE COURTS Service has banned public access to most debt judgments after an internal review found there was no legal basis for making the information available. News_317 http://www.iicm.ie/News_315.shtml Credit Management Services company Intrum Justitia has decided to create three geographical regions in order to facilitate the continuous growth and development of the company. “By creating fewer and larger regions we will be able to launch new services faster and benefit from the economies of scale gained across the entire Intrum Justitia Group. I see this as a step forward on our journey to becoming the leading pan-European Credit Management Services company,” says Lars Wollung, President and CEO of Intrum Justitia AB. News_315 http://www.iicm.ie/News_314.shtml News this morning that Britain's six biggest banks have asked a credit reference agency to report on the creditworthiness of their customers in a bid to dampen Government criticism of lending levels smacks a little of buck passing to me. The potential argument when the banks meet with Treasury officials in October could be something like " Its not just us that says these SMEs are not viable borrowers- see what this credit agency says about them as well!" News_314 http://www.iicm.ie/News_313.shtml This report provides an overview of the number and value of Court Judgements (CJs) against companies for the recovery of unpaid debt. CJs against companies are a useful barometer of corporate financial health and a leading indicator of insolvency News_313 http://www.iicm.ie/News_312.shtml The OFT has refused to grant a consumer credit licence to a sole trader, Stewart Richard Wilson, because of his failure to demonstrate he had the required competencies to run a debt advice business. News_312 http://www.iicm.ie/News_311.shtml Irish services exports grew rapidly in the first half of 2010, but job creation may not return to the sector until next year, the Irish Exporters Association said. News_311 http://www.iicm.ie/News_310.shtml Dublin, 2 July 2010 — Experian®, the global information services company, today released its latest mergers and acquisitions (M&A) and equity capital market (ECM - flotation, rights issue and placements) data covering Q2 2010. According to Corpfin, an Experian company specializing in the provision of corporate financial information, the figures show the following: News_310 http://www.iicm.ie/News_309.shtml Calling it an “unavoidable Budget”, George Osborne says Budget details will not be buried in the book. Everyone will have to contribute to the recovery, but everyone will also share in the eventual prosperity. Estimated growth in the UK economy should hit 1.2% this year, 2.3% next year, 2.8% in 2012, 2.9% in 2013 and 2.7% in both 2014 and 2015. News_309 http://www.iicm.ie/News_308.shtml Irish and Greek banks’ reliance on European Central Bank loans is out of proportion to the size of their assets, according to Fitch Ratings. Greek banks accounted for 6.6pc of the €749bn the ECB lent to financial companies by the end of 2009, though only held 1.6pc of the euro-area’s banking assets, Fitch analysts wrote in a report. News_308 http://www.iicm.ie/News_307.shtml The enforcement of a Judgment under these rules came into force on the 8 April 2010. Enforcement under these rules is to be determined at a sitting of the District Court wherein the debtor is ordinarily resident. This is the same as prior to these rules but it is worth noting for two reasons. News_307 http://www.iicm.ie/News_306.shtml Homeowners cut the value of debts secured against their property by more than £4 billion in the last three months of 2009, according to the latest statistics from the Bank of England. News_306 http://www.iicm.ie/News_305.shtml "Good business projects are being starved of credit and are going to the wall," Commented Fine Gael's finance spokesman Richard Bruton speaking on RTÉ's Morning Ireland. There will be “modest” growth in the economy in 2011, the Economic and Social Research Institute (ESRI) predicts, but the number of people employed will remain static, while wages will continue to fall. News_305 http://www.iicm.ie/News_304.shtml The regulator won't allow higher authorised overdraft charges to compensate for lower charges on unauthorised borrowing. News_304 http://www.iicm.ie/News_303.shtml More SME Accounts Exemptions? EU rules that may exempt small firms from filing annual accounts have been condemned as ‘utterly absurd’ by a leading figure in the UK credit industry. The following is the UK Institute of Credit Management Press Release. News_303 http://www.iicm.ie/News_302.shtml It is beginning to look as if the world is slowly hauling itself out of the deep pit of recession. Some countries are in better shape than others, some further along the recovery road than others, and some even left with fewer anvils of debt hanging round their necks than others. The cry that has gone up, however, seems to be the same all over the world – “Never again”. Easier said than done. News_302 http://www.iicm.ie/News_301.shtml Monday 15th February 2010 Late payment continues to be an issue for businesses in Ireland, according to the latest Payment Performance insight from Experian®, the global information solutions company. News_301 http://www.iicm.ie/News_300.shtml Taoiseach Brian Cowen today said the Government plans to break up Anglo Irish into "good" and "bad" sections. The bank is expected to report losses of around E12 billion in the next few weeks - the biggest corporate loss in Irish history. News_300 http://www.iicm.ie/News_298.shtml EU internal market commissioner Michel Barnier has said that Brussels will conduct an internal investigation into the trading of credit default swaps related to Greece and other countries. News_298 http://www.iicm.ie/News_297.shtml There were 28,600 residential mortgages in arrears by 90 days or more at the end of last December, representing 3.6pc of the entire Irish home loan pool, latest figures from the Central Bank show today. News_297 http://www.iicm.ie/News_296.shtml The value of decrees against Scottish businesses reached record levels in 2009, according to figures released today (February 16 2010) by Registry Trust, the not for profit company which maintains judgment and decree information in the public interest throughout the British Isles and Ireland. News_296 http://www.iicm.ie/News_295.shtml The European Parliament has rejected an agreement with the US on sharing bank data, snubbing appeals from Washington for help in counter-terrorism investigations. The move is seen as underlining expanded powers the Parliament gained under the Lisbon treaty. News_295 http://www.iicm.ie/News_294.shtml Former Anglo Irish Bank chairman Sean FitzPatrick has been given a deadline of mid-March to repay his loans to the bank to allow him time to benefit from a possible gain on an investment in an Nigerian oil field. It is understood that Mr FitzPatrick, who was listed as owing 106.8m euro in the bank's most recent published accounts, stands to benefit from possible developments on the investment in Nigeria over the coming weeks. News_294 http://www.iicm.ie/News_293.shtml Ulster Bank has announced a Customer Welcome Programme for Halifax customers who need help in finding a financial partner for their banking needs. In addition, those Ulster Bank branches close to the closing Halifax branches, will extend opening next week, starting Monday, February 15, from 10am to 7pm for face-to-face meetings. News_293