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Helphire spurns 'unprofitable' renewals as it cuts debt by £20m

Martin Ward

Credit hire firm Helphire today said that it is rejecting business as it seeks to renew only accounts that are profitable going forward.

Due to the terms proposed, it said it had not renewed one piece of business with effect from 1 July 2010, representing less than 5% of its current turnover.

It added case volumes in the first half of

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