Bailiffs ‘abusing powers’ say Debt Charities
UK Debt Charities are continuing to receive complaints from members regarding some Bailiffs 'abusing their powers' reports say.These damming reports come some three years...
80% of Small Businesses owed money in the UK
Shocking new figures show that 4 out of 5 Small firms in the UK are owed money following a survey by a leading Commercial...
Parents angry over ‘closed’ Private school’s debt collectors
Education Bosses have been defending their action to recover unpaid school fees owing to a Private school which closed last summer.Local Parents in Wearside...
Video store issues Debt Collectors threat to customers for 12 year...
A Video shop Owner from Kent has threatened his customers with Debt Collection action if old fines are not paid, some which date back...
Small Business late payment ‘guru’ search is underway
The Government is taking action to tackle late payment issues for small businesses in the UK. The proposed appointment of a Commissioner is now...
Consumer Debt Collection Agency collapses with huge debts
A large Consumer Debt Collection Agency has collapsed with masses of debt owing to its creditors including the HMRC, staff and suppliers.Experto Credite entered...
New Business Late Payment legislation to be enforced
The UK Government's Department for Business, Energy & Industrial Strategy (BEIS) has published a brand new updated set of draft regulations that specifically requires...
7 Smart Business Credit control tips for 2017
The start of a New Year is the perfect time to reflect on 2016 and implement new strategies. One of the key focal points...
UK Funeral Debt nears £150m
Funeral Debt is on the rise in the United Kingdom with research showing that private debt owing for Funeral fees has nearly reached the...
FCA to review high cost credit markets
The Financial Conduct Authority (FCA) has announced that it plans to review high-cost credit products that pose the highest risk to consumers.
Amongst the sectors...
Energy firm collapses with web of debts
A Energy supply firm based in Northern England has collapsed leaving creditors and customers in limbo according to reports.GB Energy Supply which is located in Lancashire has...
Debt Collection action could have saved 50,000 SME’s
A report from the Federation of small businesses (The FSB) have released a comprehsive report detailing the way that small companies are being systematically...
Grandfather in court over Bailiff gun scare
A 55 year old Grandfather who brandished a 'fake' handgun in order to try and scare off Bailiffs appeared in court yesterday in Essex.On...
Increase in Corporate insolvencies since Brexit
The latest figures released by the Insolvency service show a small rise in the number of Company insolvencies for the third quarter of 2016.In...
Debt Collection firm agrees to write off millions in purchased debt
A Debt Purchasing and Collections Company has been forced to write off £414m worth of debt after failings within its dilligence processes.'Motormile Finance UK'...
Banned Director jailed after running Credit Management firm
A Businessman from Leicester who fraudulently operated businesses including a credit monitoring service, has been jailed for two years and nine months following lengthy...
Banks set aside Billions for further PPI claims
Lloyds Bank became the latest banking group to make further provision for on going mis-sold Payment Protection Insurance (PPI) claims.Extra provisions have been put...
NHS to use Debt Collectors for crack down on health tourists
Teams of Debt Collectors are to be used to collect payment from supposed Health Tourists according to reports. A National Audit Office (NAO) report has...
Late Payments ‘Tsar’ to be appointed in 2017
Government Ministers have initiated a long awaited consultation on plans for a Late Payment 'Tsar'.The long overdue plans plans are set to aid small...
Insolvency levels rise for young women
Young Women in the UK represented the majority of insolvency cases the UK last year, according to research conducted by Insolvency firm Moore Stephens.In 2015, around 65%...
