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Pepper Advantage Ireland Appoints Niall Sorohan to be New CEO
London and Dublin, 22 July 2024 – Pepper Advantage is pleased to announce Mr Niall Sorohan's appointment as CEO of Pepper Advantage Ireland. Sorohan will take up his appointment on 01 January 2025, bringing with him over 20 years of experience in the financial services industry in Ireland and the...
Read morePepper Advantage Ireland Appoints Antoinette Dunne Non-Executive Director
Dublin, 15 July 2024 – Pepper Advantage Ireland, the Irish entity of Pepper Advantage Group, today announced that Antoinette Dunne has been appointed Independent Non-Executive Director, effective immediately.
It’s not the technology but how you use it: four ways AI will transform the credit industry
With so much talk of how generative AI is set to make an impact across industries, it is easy to understand why some will take these promises with a pinch of salt. The noise surrounding AI and its potential can be deafening, as firms adopt the badge to bolster their marketing efforts, making it...
UK Macroeconomic Snapshot - A mixed picture with a cautiously optimistic outlook
The UK economy presented a mixed picture, with notable positives providing a cautiously optimistic outlook. UK inflation moved closer to the 2% target in April, decreasing to 2.3% from 3.2% in March, although services inflation remains persistent.
Pepper Advantage joins industry body ANGECO
Madrid, 11 June 2024 – Pepper Advantage Spain, the Spanish entity of Pepper Advantage Group, today announced it has joined ANGECO, Spain's National Association of Debt Recovery Companies.
UK Macroeconomic Snapshot - Resilience in early 2024 with Mixed Prospects Ahead
The UK economy showed resilience in early 2024, with GDP growing by 0.6% in Q1 after contractions in the previous two quarters. GDP per capita increased by 0.4%, marking the first rise in two years. However, the BoE forecasts subdued growth of just 0.2% for Q2.
Press Release: New Data Shows Q1 UK Mortgage Arrears Growth Slows to Lowest Since Mini-Budget
Rate of UK arrears growth slowed to 3.9% in Q1 2024 from 5.7% in Q4 2023; lowest quarterly growth rate since Sept 2022 Mini-Budget North East and North West are the only regions in which arrears growth rate increased Failed mortgage payment rate, a leading indicator of borrower stress, falls
Report: Pace of UK Mortgage Payment Failures Slows in Q1
Changes in arrears growth and direct debit rejections reflect complex environment for borrowers Q1 data from Pepper Advantage’s UK portfolio shows a slowdown in the growth of mortgages in arrears.1 Overall arrears increased further in the first quarter of 2024, but the decelerating growth rate and...