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.

ONS: Little Movement on House Prices

The latest House Price Index from the Office for National Statistics shows that UK house prices in March were down 0.4% on the same period in 2011.

UK Inflation Levels Fall by 0.5%

The latest statistics from ONS have revealed that CPI annual inflation for April stands at 3%, down from the March figure of 3.5%.

Debt Solution Company Directors Sentenced to Jail Time

Two company directors in Manchester have been sentenced to 21 months’ imprisonment each by Chester Crown Court for fraudulent trading at their debt solution company, Churchwood Corporate Services Limited.

UK Commercial Property Debt Continues to Drop

A recent UK property lending survey has revealed that the amount of debt held against UK commercial property has continued to drop over the last year from £228.1bn to £212.3bn, a drop of 6.8%.