TDX Group

📢 New Insights on IVAs from the Insolvency Service 📢 On October 17th, the Insolvency Service released a crucial report examining poor take-on practices in Individual Voluntary Arrangements (IVAs). Key findings include: ➡ 60% of sampled cases showed poor onboarding. ➡ Common issues: unclear fees, inadequate customer affordability assessments, and missed vulnerability considerations. ➡ 43% lacked required call data. ➡ Most terminations were due to consumer arrears, though poor take-on wasn’t directly linked to IVA failures. Explore the full report here: https://lnkd.in/eD3VS2EG #IVA #Insolvency

We were delighted to host our client and suppliers in Nottingham on Wednesday for our Supplier Day, celebrating the achievements we’ve accomplished together. The day featured insightful presentations from both TDX and our client, covering a wide range of topics. We explored the social value that all parties have contributed—and will continue to bring—to the community, discussed how our partnerships are enhancing financial wellbeing, and looked ahead to the future of our business relationships. A heartfelt thank you to all the suppliers, speakers, and attendees for joining us. We look forward to seeing you again soon! Shital Majithia Nick Wright Lucy Blanchard Dave Heathcote

📢Discover a wealth of insightful data from a variety of sources, including Equifax's unique data assets and valuable Open Banking information, through our friendly digital customer engagement solution. See how Equifax’s dynamic approach can make your debt resolution process even better! For more information, visit:  https://lnkd.in/eyp_x-dr   #SharperFocusWithData

Did you know that households behind on their council tax have an average of only £148 a month to live on after housing, food and energy costs deducted? This was recently revealed in The Centre for Social Justice’s latest report, Still Collecting Dust. The report is about raising council tax collection standards and building on the progress made to do so over the last few years. Learn more - https://lnkd.in/eBmHGg52 #CouncilTax #Collections #FinancialInclusion

Driven by deep data insights, Equifax’s dynamic digital customer engagement solution is a game-changer for businesses looking to take their collections to the next level. Learn more: https://lnkd.in/dbZWtN4G #SharperFocusWithData

At Equifax, we've been working more closely than ever with our clients to provide the best possible data, technology and analytics to help them understand their consumer’s current financial health. We firmly believe in empowering individuals to reach their financial potential. Last year, we enhanced data usage and collaboration to support businesses in making informed decisions, fostering confidence and advancing financial inclusion and success. Find out more in our latest Financial Health Report - https://lnkd.in/gBMK2NKY #FinancialHealthReport #DataAnalytics #FinancialInclusion

From providing insights to our advisory board meetings to financial support, we’re proud to see the launch of The Centre for Social Justice’s new report, Still Collecting Dust! The report uncovers the painful experience of households who fall behind on their council tax and proposes solutions for a way forward. Through the report, we want to call for a more proportionate collection regime to both drive up success in collections and prevent the most disadvantaged being subjected to enforcement. It is also important for the government to place the Enforcement Conduct Board on statutory footing to ensure it can continue to raise standards and improve accountability in the sector. Find out more - https://lnkd.in/eBmHGg52 #CouncilTax #Collections #FinancialInclusion

📱 Our digital customer engagement solution is capable of giving you the insights you need to optimise your customer’s experience and increase your collections potential 👉https://lnkd.in/eKQpGEB5 ⭐ Harness the power of Equifax’s global data assets today. #AI #DataIntelligence #DigitalCollections #DebtResolution #SharperFocusWithData

Want to know how to stay ahead of regulations? Equifax’s dynamic digital customer engagement solution is here to help 👉 https://lnkd.in/dbZWtN4G 🔧 Our new platform gives your team the tools to keep on track with compliance. This time-saving feature allows you to focus on your customers, freeing you from the constant need to monitor regulatory satisfaction. #AI #DataIntelligence #DigitalCollections #DebtResolution #SharperFocusWithData

Amidst the data-driven analysis and trend projections, it’s crucial to remember that behind every figure, there’s a personal story of resilience, struggle and adaptation. Read our latest Financial Health Report to learn more about the human stories behind the statistics, shedding light on the path to financial recovery in the UK - https://lnkd.in/gBMK2NKY #FinancialHealthReport