POPULAR NEWS
FCA to crack down on Debt Collection Agencies
Debt Collection agencies are set to face tougher, more intrusive and expensive regulation under plans being drawn up in Whitehall.
CSA Comments on New OFT Power
The Office of Fair Trading will soon have the power to instantly shut down dodgy financial companies who are ripping off customers.
WORD CUP 2016
Revealed: Lansdown – The UK’s capital of debt
The latest data released by the BBA (British Bankers Association) has revealed that the leafy...
UK’s Retail Industry continues to decline
More than one in 10 shops are empty, according to the British Retail Consortium (BRC), the highest since it began
UK Debt Buyer Looking to Grow
Arrow Global, a debt buyer headquartered in Manchester, UK, is looking to grow its share of the international ARM ...
WRC Rally Cup
New FCA Chief warns of Small Business Debt Collection scrutiny
The new chief of the Financial Conduct Authority issued a warning to banks and commercial...
Business Insolvency statistics defying gravity
Business insolvency statistics continue to defy gravity in the UK. Whilst this maybe viewed as...
Large Companies still delaying payments to Suppliers
New research shows that there has been no real improvement in the speed at which...
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CYCLING TOUR
Cameron upbeat despite IMF growth concerns
The Prime Minister has said it is time for Plan A+ after the International Monetary Fund (IMF) slashed its growth forecast for the UK.
Number of Estate Agents going bust, up by 57%
The number of estate agents in the UK entering insolvency jumped 57% in the last year, a new report has indicated.
UK Businesses more upbeat says Cable
There are "reassuring" signs the economy is continuing to recover and there is a "more upbeat mood" among the business community
FCA to review Debt Collection practices of Payday Lenders
Payday money lender firms have long been criticised for expensive interest levels and also apparent simplicity assisting the UK population with escalating numbers of...
30m to be saved by Insolvency reforms
A single gateway for complaints against insolvency practitioners (IPs) which makes the process easier and more transparent was announced
TENNIS
Justice Minister promises Bailiff reforms
New laws to stamp out 'rogue bailiffs' were promised on Wednesday by the Justice Minister Lord Faulks.
Speaking at the Civil Enforcement Association conference in...
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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'...
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LATEST ARTICLES
Banks hire 100’s of Debt Collection Agents ahead of Covid Loan repayments
The UK's leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults.
The UK's four largest banks are said to have hired over 750 new Debt Collection staff...
SME’s owed 21k on average due to late payments
New data from Intuit QuickBooks has highlighted the burden of late payments on already financially stretched small and medium-sized businesses (SMBs) with the average amount figure owed being £21,373. The figure represents more than...
Pandemic is forcing Companies into Late Payment clampdown
The changing face of late payment has lead to nearly half of companies saying that they were lucky to have survived 2020. This is according to new research by Intrum.
The research as part of...
No Insolvency Action till end of September
The Government has announced the extension of temporary insolvency measures which includes the restrictions on issuing of winding up petitions and statutory demands.
The change to the regulations will mean restrictions on statutory demands and...
Shock as Government extends Commercial Eviction ban
The Government has announced that a ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months.
The ban, which stops landlords from taking tenants to court for non-payment, was...
Director banned for taking money from Company with Unpaid CCJ’s
The sole Director of a broker Company based in Hampshire has been banned as a Company Director.
Kathleen Shepherd from Southampton was the only Director for Shepherd Site Services Limited. The company acted as a...
Courts close rogue Debt Collection Agency
The High Court has shut down a rogue Debt Collection Agency it has emerged. The Debt Collection Agency spuriously claimed to be able to collect debts from liquidated companies. They were wound up at...
Builder wrecks customers house over Unpaid Invoice
A Builder took extreme action when a customer refused to settle an unpaid invoice. Frustration over an ongoing dispute over an unsettled bill caused a builder to take action into his own hands.
The house...
Scam Debt Collection Agency Owner receives lengthy Jail sentence
A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with...
Company Insolvencies continue to decrease
The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales.
The figures show that business insolvencies fell by 7.2% to 925 in April...
