UK Funeral Debt nears £150m
Funeral Debt is on the rise in the United Kingdom with research showing that private debt owing for Funeral fees has nearly reached the £150m mark this year.The research conducted by Insurance Giants Royal...
FCA to review high cost credit markets
The Financial Conduct Authority (FCA) has announced that it plans to review high-cost credit products that pose the highest risk to consumers.
Amongst the sectors under scrutiny is the rent-to-own market, which includes leading retailer...
Energy firm collapses with web of debts
A Energy supply firm based in Northern England has collapsed leaving creditors and customers in limbo according to reports.GB Energy Supply which is located in Lancashire has ceased trading with immediate effect leaving its 160,000 customers in...
Debt Collection action could have saved 50,000 SME’s
A report from the Federation of small businesses (The FSB) have released a comprehsive report detailing the way that small companies are being systematically affected by late payments.As part of their findings it has...
Grandfather in court over Bailiff gun scare
A 55 year old Grandfather who brandished a 'fake' handgun in order to try and scare off Bailiffs appeared in court yesterday in Essex.On July 4th of this year, two Bailiffs attended the home...
Increase in Corporate insolvencies since Brexit
The latest figures released by the Insolvency service show a small rise in the number of Company insolvencies for the third quarter of 2016.In the new figures given, approximately 3,633 businesses failed during the...
Debt Collection firm agrees to write off millions in purchased debt
A Debt Purchasing and Collections Company has been forced to write off £414m worth of debt after failings within its dilligence processes.'Motormile Finance UK' was found by the Financial Conduct Authority to have inadequate...
Banned Director jailed after running Credit Management firm
A Businessman from Leicester who fraudulently operated businesses including a credit monitoring service, has been jailed for two years and nine months following lengthy Police investigations.Colin Newby Smith from Syston in Leicester had originally...
Banks set aside Billions for further PPI claims
Lloyds Bank became the latest banking group to make further provision for on going mis-sold Payment Protection Insurance (PPI) claims.Extra provisions have been put in place to combat the continuing flow of claims following...
NHS to use Debt Collectors for crack down on health tourists
Teams of Debt Collectors are to be used to collect payment from supposed Health Tourists according to reports. A National Audit Office (NAO) report has claimed that the NHS is paid only half of the...
