Young Homeowners Have Lower Debt Arrears
The Consumer Credit Counselling Service has said that homeowners in their 20's mnage their household budgets better thanks to cheap mortgage deals.
Settlement Reached Between FTC and Debt Relief Company
The Federal Trade Commission put a stop to the allegedly deceptive practices of a debt settlement operation that lured consumers with exaggerated claims about how it could help reduce their debts.
Loss of Income Blamed for Debt Levels
New figures from DEMSA member EuroDebt Financial Services reveal that nearly 1 in 4 (23.6%) of its clients fell into debt as a result of a loss of income.
Incomes and Savings Growing Alongside Debts
Families in the UK have seen monthly incomes nudge ahead of inflation as the typical monthly household income hits £2,150, according to the latest Aviva Family Finances Report.
Nonhome Finance Write-Offs Hit Lowest Level in Six Year
Nonhome finance write-off dollars year-to-date through April have decreased 52 percent, according to Equifax’s April National Consumer Credit Trends Report.
British Chambers of Commerce Slashes UK Growth Rate
The forecast for economic growth for 2012 has been slashed from 0.6% to 0.11% by the British Chambers of Commerce.
Credit Cards Key to Keeping Up Appearances
Credit card debt is being increased by Brits who attempt to keep up with appearances regardless of having the cash to do so or not.
CSA Celebrates success of CAI Initiative
The Credit Services Association (CSA) is celebrating the tremendous progress of the Collector Accreditation Initiative (CAI), and its ...
New Chief Executive for The Insolvency Service
The Insolvency Service has announced the appointment of Dr Richard Judge as its new Chief Executive. He takes over from Stephen Speed who has been the Chief Executive
Rising Energy Bills to Force Households into Debt
New research from U-Switch.com has revealed that spiralling energy costs could force 27% of households into debt by 2015.
Britons Spending 17 Days of Salary Clearing Debts
Research from Bright Grey's Financial Safety Net report today revealed that after their tax obligations, the average British full-time worker has to work solidly until late July to keep a roof over their heads each year.
Staff Cuts Lead to £1.1Bn in Unpaid Tax
Staff cuts has been listed as to why HMRC missed out on recovering £1.1bn in outstanding tax, according to the Public Accounts Committee
Stricter Credit Control Key to Improving Cashflow
Businesses are being urged to impose stricter cash and credit control procedures as a means of preventing late payments by a leading UK bank.
Debt Collection Agencies facing the perfect storm
A recent survey has revealed that the debt collection industry is facing a "perfect storm" due to outdated methods of collection utilised by some debt collection agencies.
Two Year Low for Credit Card Delinquencies
The latest credit card data released by FICO has revealed that credit card delinquencies have fallen for the past six months.
Payday Lenders to Improve Transparency
Business Minister Norman Lamb has announced that Payday loans lenders are to improve their codes of practice as a means to improve transparency and help to protect vulnerable lenders.
IMLA Comments on UK Housing Debate
As debate about the UK housing market continues, the IMLA comments on recent findings and discussions.
IMF: Greece Must do More
Christine Lagarde, head of the International Monetary Fund, is intent on keeping up the pressure on Greece to bring its finances into order.
Greece Urged to Honour Rescue Plan
IMF head Christine Lagarde has said she hopes that elections in debt-stricken Greece produce a government committed to sticking to the terms of the country's rescue package.
Wonga debt collection methods criticised by OFT
High-profile money lending firm Wonga has been criticised by the Office of Fair Trading for using aggressive and misleading debt collection methods.
