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 that the Citizens advice Bureau is to draft in additional debt advisers after it was revealed that nearly half of all adult residents...
Bomb Disposal Unit called in by shocked Bailiffs
Bailiffs in Birmingham had the shock of their lives yesterday after stumbling across two live artillery shells during a routine eviction yesterday in the West Midlands.The two 4.5inch Howitzer artillery pieces were surprisingly found...
Yorkshire Building Society fined over customer failings
The Financial Conduct Authority (FCA) has continued to flex its muscles after issuing a massive 4.1m fine to Yorkshire Building society for not dealing with debtors and customers in default diligently enough.A recent investigation...
Polish Debt Collection Boom
Polish Banks are rumoured to be putting together proposals to sell off hundreds of millions of pounds worth of delinquent mortgages over the coming months in the hope that it will revive profit margins...
US Town sends SWAT Team to collect £53k Debt
In true classic American movie style, a small town in the state of Wisconsin took the unusual step of sending in a fully armed SWAT team to collect a £53k Debt ($86,000) owing from...
Directors disqualified for 200k student fund scam
Two unethical Businessmen from Leicestershire have been disqualified as directors for 12 years by the Insolvency Service after scamming £200,000 worth of public funds by using falsified student documents and information to claim students had...
Payday loans lender halts Debt Collection activity
Controversial payday loans firm Wonga has written off a total of £220m of debt owing from 330,000 customers after admitting making loans to people who were not in a position to repay them.The much criticised company will...
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 having items seized.The swiss - middle eastern owned team, based...
Debt Collection Agency in administration
UK based Debt Collection Agency, Roxburghe (UK) Limited has gone into administration, with 35 staff being made redundant.It was revealed that Roxburghe had been trading at a loss due to increasing overheads and Roxburghe's directors took the decision...
UK’s Top 10 non payment excuses revealed
With Billions of pounds of business being conducted daily in the UK, we examine the most commonly used excuses for late or non payment currently being used in 2014 by a minority of companies...
