POPULAR NEWS
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.
Debt Collectors seize goods from F1 team
UK based Formula One team Caterham have stated their intention to race in Japan Grand Prix despite receiving a visit from bailiffs on Tuesday and allegedly...
WORD CUP 2016
New Credit Ratings Rules ‘To Help Markets’
Tighter controls on credit ratings agencies should steady volatile markets and cut out conflicts of interest, MEPs have said.
MAS report that UK’s ‘Debt City’ gets funds to tackle problem
Following a recent report produced by the MAS (Money advice service), it has been announced...
FLA releases Debt Collection guide for its members
The Finance & Leasing Association has released a debt collection guide with the UK Cards...
WRC Rally Cup
Tax dodgers hotline receiving 300 calls per day on average
Calls to the hotline run by HMRC to catch out ‘tax-dodgers’ shot up last year, according to new figures.
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.
Payday Loans Debt Collection methods drive man to suicide
A father struggling to cope with mounting debts to payday loan companies died after setting himself on fire, an inquest has heard.
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SPORT NEWS
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CYCLING TOUR
Budget 2012: Overview
An overview of the key points of Chancellor George Osbourne’s Budget yesterday.
Wonga faces Police investigation over false Debt Collection scam
Further to this weeks earlier revelations, shamed payday firm Wonga, which presents itself as the “straight talking” short term loans company may now face...
Press Release: Federal Management Awarded Investors In People
Federal Management has recently announced its achievement of the Investors in People Accreditation, following an assessment carried out in January 2012 by an independent assessor.
Bailiffs raking in cash for Councils
Debt collectors recovered £170,000 in car parking fees alone between 2011 and 2012
Charities calling for protection for Welsh families in debt
Almost 150,000 children are living in families struggling with debt, according to a research study from The Children's Society and charity StepChange Debt. The...
TENNIS
Northern Rock’s Bad Debts purchased by Debt Collection Agency
A debt collection business that takes non-payers to court has emerged as the buyer of £450 million of Northern Rock’s bad loans.
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Massive increase in Debt owed to friends and family
UK Debt Charity StepChange have released figures for the first half of 2016 showing that 28% of their clients have debts owing to friends...
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LATEST ARTICLES
630,000 UK Companies facing Insolvency
Around 630,000 businesses were experiencing significant financial distress in the last quarter of 2020, ahead of the current lockdown, according to research by the restructuring firm Begbies Traynor.
The latest research for Q4 2020 recorded...
Millions of pounds going unpaid in rent arrears
is is now estimated that over Half a million private renters in the UK are behind on their rent. This information is according to new analysis by Citizens Advice.
With a temporary ban on evictions...
Watchdog asks for help with Debt Collection guidance
The Financial conduct authority has asked banks, lenders and debt collectors for advice on how to deal with the fall out from emergency Covid-19 loans given out during the pandemic.
The FCA is preparing new...
Top Legal firm warns of Insolvency tsunami
A Top 100 Law firm has warned of a possible tidal wave of insolvencies in Spring 2021 which risks paralysing the UK's courts system.
Manchester based JMW Solicitor's analysis shows that corporate insolvencies are down...
HMRC spent £84m on Debt Collection over three year period
Recent reports have revealed that the HMRC has spent more than £84m on using Private Debt Collectors in the three tax years up to 2019-2020.
When tax bills go unpaid, the HMRC has the option...
One Million Self Employed pushed into debt due to Covid late payments
Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in a report released by the IPSE (The association of independent...
Sheffield Council accidently sends 1,600 Debt Collection letters
A council mistakenly sent more than 1,600 "alarming" debt collection letters to allotment holders.
Sheffield Council said the error happened because it employed a debt recovery agency to help with a backlog of fines on...
Why Free Debt Collection can 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. Seemingly free debt collection services are not always the way...
B2B Payments taking Covid hit on a global scale
Delayed payments continue to plague suppliers, particularly Small Businesses, and unfortunately, the global pandemic has only worsened this pain point. This week's B2B Data Digest looks at the latest stats in the fight against...
1 in 6 invoices being paid late according to survey
1 in 6 Small Business invoices is being paid late according to latest findings in a report conducted by a Business banking company across the UK.
'Tide' commissioned YouGov to survey small business decision makers,...
