OFT issues new Debt Collection guidelines
The OFT has also published revised Debt Collection Guidance, focusing on continuous payment authority (CPA), a mechanism commonly used by payday lenders to collect repayments.
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.
2018 Top Tips for Business Credit Control
It’s a brand new year and time to create a fitter business for 2018. One of your main goals for your business whether it...
Company ‘strike offs’ to resume in October
As part of the return to 'normality', Companies House has announced that it will re-introduce the compulsory company strike-off process from 10th October 2020.
This...
Business Insolvencies hit highest level since Pandemic began
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that...
Retail Insolvencies continue to rise in the UK
Retail Insolvencies are expected to continue to rise according to latest industry expert findings.Less than two months into 2024 and six UK retailers have...
Local Scottish Councils advise of huge bankruptcy threat
Local Scottish Councils are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said.Cosla issued the warning...
Why No Win No Fee Debt Collection could cost too much
We are all familiar with the term No win no fee debt collection or free debt collection but what is the real story here....
Government slammed over plans that will fuel Private Rent Arrears
Government Ministers are being urged to do more to prevent tenants building up private rent arrears, not allow them to get bigger as currently...
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Return of the debtor’s prison
US Debt collectors are using legal loopholes to lock up poor citizens who can't pay their debts.
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Boyband call in administrators in the middle of UK Tour
British Boyband Blue might want to think about adding some extra dates to their comeback tour -after going bust mid tour after increasing pressure from creditors.
Accountants should ‘help’ prevent SME late payment says expert
The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late...
Number of Insolvent Businesses hits record high
The number of insolvent businesses in England and Wales last month rose by 40 per cent year-on-year to the highest level since monthly records...
