FOS warns of rogue British bank
The Financial Ombudsman Service has announced it has had sackfuls of complaints about an unauthorised bank claiming to pay off mortgages for a £10 monthly fee.
It has been reported in the Daily Mail that customers...
Russian Debt Collectors hit horrifying new low
Russia's Debt Collection industry hit a new low this week as it was reported that Evil Debt Collectors had cut off a children hospital's phone lines simply because it refused to make a payment...
60% of UK Small Business invoices paid late
59.6% of all invoices owing to small businesses in the United Kingdom are paid late according to research conducted by factoring firm Marketinvoice.This latest information only compounds fears that the UK has far worse...
Scottish motorists Debt Collection woes
English Debt collectors are being drafted in to chase up unpaid parking fines for car parks across the north-east Scotland, a charity has claimed. Citizens Advice Scotland say that parking debt firm Debt Recovery Plus Ltd...
Russia’s Debt Collection Hell
Russian Debt Collectors adopt menacing Collection methods
The Russian authorities are rushing through proposals to deal to stem the tide and rising threats by lenders including a moratorium on collection agencies which will restrict the type of...
New proposals could see the end of the PPI Claims industry
The United Kingdom's Ministry of Justice announced yesterday it is set to limit the fees charged by PPI Claims Management companies to their customers with many reportedly charging over a third of their customers...
Cardiff Council employee stole child safety funds to pay Bailiffs
Cardiff Crown court has heard how a Cardiff Council employee allegedly syphoned more than £35,000 from petty cash account of the Council's Child safeguarding Unit to pay off Bailiffs.Caroline Wootton-Thomas who worked in the accounts department...
Personal & Company Insolvencies decrease
Personal Insolvencies have reached their lowest point in ten years according to official figures released by the insolvency service.2015 saw 79,965 declared insolvent. This figure was 19% less than the total amount of individuals...
UK Supermarkets late payment shame
Every single one of the UK's major supermarkets are guilty of regularly failing to pay suppliers on time according to data analysis from a leading Commercial Credit reference agency.The key findings shown by Creditsafe's...
Firm fined £18k for using illegal Debt Collectors
A Decorating firm has been fined nearly £18,000 in fines and court costs following a prosecution by Trading Standards.Suffolk Trading Standards Office conducted a lengthy investigation into Breslin Decorators based in Bury St Edmunds,...
