Yorkshire Building Society fined over customer failings
The Financial Conduct Authority (FCA) has continued to flex its muscles after issuing a massive 4.1m fine to Yorkshire Building society for not dealing...
Polish Debt Collection Boom
Polish Banks are rumoured to be putting together proposals to sell off hundreds of millions of pounds worth of delinquent mortgages over the coming...
US Town sends SWAT Team to collect £53k Debt
In true classic American movie style, a small town in the state of Wisconsin took the unusual step of sending in a fully armed...
Directors disqualified for 200k student fund scam
Two unethical Businessmen from Leicestershire have been disqualified as directors for 12 years by the Insolvency Service after scamming £200,000 worth of public funds...
Payday loans lender halts Debt Collection activity
Controversial payday loans firm Wonga has written off a total of £220m of debt owing from 330,000 customers after admitting making loans to people who were...
Debt Collectors seize goods from F1 team
UK based Formula One team Caterham have stated their intention to race in Japan Grand Prix despite receiving a visit from bailiffs on Tuesday and allegedly...
Debt Collection Agency in administration
UK based Debt Collection Agency, Roxburghe (UK) Limited has gone into administration, with 35 staff being made redundant.It was revealed that Roxburghe had been trading at...
UK’s Top 10 non payment excuses revealed
With Billions of pounds of business being conducted daily in the UK, we examine the most commonly used excuses for late or non payment...
UK attacked by scam Debt Collection emails
UK Businesses have reported a sharp rise in scam debt collection emails purporting from legitimate British companies.For years company email addresses have been blighted...
Consumer Debt Collectors in demand
The UK's Demand for highly-skilled debt collection specialists in the consumer industry has surged by almost 56% in the last year, according to specialist financial services...
Farmer’s 1.4m VAT fraud to pay off Debt Collectors
A farmer who stole £1.4 million of taxpayers' cash in a VAT fraud to pay off Debt Collectors and Bailiffs it was claimed in court....
Phones4u in administration
Accountancy firm PricewaterhouseCoopers LLP has been lined up as the preferred insolvency administrator for Phones 4u Ltd. and its subsidiaries. This follows after the...
New Debt recovery website launched
The Best4debt network, the UK’s leading provider for Debt Collection quotations and Debt Collector comparisons, has announced the launch of a new internet comparison site to...
Charities calling for protection for Welsh families in debt
Almost 150,000 children are living in families struggling with debt, according to a research study from The Children's Society and charity StepChange Debt. The...
35% of Americans subject to Debt Collection action
A recent report conducted by US based organisation 'The Urban institute' has found that over 35% of American citizens who have a credit file...
Well known flooring firm in administration for a third time
Administrators have been called into to troubled flooring firm 'Floors-2-go' for a third time.Midlands based Insolvency firm MB Insolvency have been appointed to deal...
Government’s Debt Collection initiative has failed say MPs
The Committee of public accounts has said that efforts to recover 22 Billion pounds worth of debt owing to the government have failed dramatically...
Successful Debt Collection is the key to Liverpool’s tax woes
It has been revealed that Liverpool City Council is owed a staggering 97.5m in unpaid council tax which is more than the total owed...
MP calls for investigation into banks debt collection practices
Labour MP John Mann has lead calls to launch an investigation into the 'menacing and misleading' world of 'in-house' debt collection practices conducted by...
Student Loans Company ceases Debt Collection letters
Since news emerged regarding the usage of 'spurious' debt collection letters being used by the Student Loans company (SLC), it has now been revealed...
