HMRC triples spend on debt collectors
In the last three years, pay to private debt collectors from the HMRC has risen by 500%, whereby signifying the HMRC are stepping up...
Exclusive: Debt Collection Horror in the USA
With the UK's Debt Collection Industry coming under ever increasing scrutiny, we take a look at the American Debt Collection Industry and the problems the authorities have to deal with across the water.
Insolvency service gets tough on rogue company directors
It has been revealed that disqualification orders made against rogue company directors has massively increased by over 83% in the past year alone.
Despite the governments...
Sony sees credit rating cut to ‘Junk’
Sony, the Japanese Electronic giant, has seen its credit rating slashed to 'junk' by global market experts Moody's.
Despite still boasting profits, Moody's state that...
Council seeking to recover over 5m of Bad Debt
Stoke-on-Trent City Council is currently talking to at least 13 debt collection firms over the recovery of 5m worth of debt
Waves of Small Business Insolvency expected over next few years
As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes...
ONS: UK Unemployment Rates Drop
New figures released by the Office for National Statistics has revealed that UK unemployment rates have fallen for the first time since last spring.
Debt Collection Trade Body warns against ‘writing off billions’
The Credit Services Association has issued a stern response to claims from Debt Charities in the UK. Charities have made audacious requests that all...
Law firm owed more than 4m to creditors
The failure to meet repayments on a £4m loan to its bank led to law firm Marsden Rawsthorn going into administration.
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BPA: Clamping on Private Land ‘Should Cease in September’
The British Parking Association (BPA) is suggesting that members of the Approved Operator Scheme (AOS) cease off-street ...
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Insolvency Rates Fall for SMEs
The number of SMEs to become insolvent fell in June compared with June 2011, while insolvencies among larger firms increased year on year.
BPA: Clamping on Private Land ‘Should Cease in September’
The British Parking Association (BPA) is suggesting that members of the Approved Operator Scheme (AOS) cease off-street ...
America’s largest debt collectors ordered to refund $60 million to consumers
The two firms; San Diego-based Encore Capital Group and Virginia-based Portfolio Recovery Associates are liable for pressuring consumers with false statements and issuing lawsuits using robo-signed court...
