Surge in spurious ‘Debt Collection’ claims

UK Debt Collection comparison site best4debtcollection.co.uk have reported a large increasing number of false claims through their website. They state as many as 60% of 'claims'...

Unfair Commercial Practices Directive Changes Could Put Consumers at Risk

The Financial Services Consumer Panel has written to the FSA to raise concerns over the possible abolition of the current opt out for financial services...
new powers for insolvency service

New powers used by Insolvency service to ban covid-loan abusers

The UK's Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its...

New Business Late Payment legislation to be enforced

The UK Government's Department for Business, Energy & Industrial Strategy (BEIS) has published a brand new updated set of draft regulations that specifically requires...

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.

UK Tradespeople owed over £30 billion in unpaid debt

The National Federation of Builders (NFB) has responded to Jeremy Corbyn's promise of a crackdown on late payments if the Labour Party is voted...
brit man in prison due to unpaid debt

Brit being held in Prison due to Credit Card Debt

A British man is being held in a notorious Czech Prison awaiting extradition to Qatar due to an unpaid Credit Card Debt. Alan Stevenson from...
scottish business late payment

Scottish Company Insolvency rates fall

THE number of firms going bust in Scotland fell for the first time in four years in 2012 according to KPMG, in an apparent sign businesses have got used to coping with tough trading conditions.
75% of SMEs have cashflow worries

Over 75% of SMEs have cashflow worries says new data

Latest data from Time Finance has uncovered the true impact of late payments for SMEs with 75% of UK businesses worrying about cashflow as...
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Limited Company struggling with Debts? What are the options

What are the options if a limited company is struggling with debts? While it can be be tempting to ignore a mounting unpaid debt problem...

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British Businesses facing liquidation hits a four-year high

With one in every 213 companies falling in to liquidation last year, British businesses bankruptcy has hit a four year high. Official figures which were...

Business experts predict liquidation boom

  Leading figures in British Business have warned of a possible boom in Company liquidations over the next 3 months amid fears of new tax rules. Thousands...

6 Tips for choosing a Debt Collection Agency

If you're running a Business and thinking of choosing a debt collection agency (DCA), it is essential you choose the right solution. As with...