Wonga to pay £2.6m compensation for Debt Collection shame
The UK's best known pay day lender 'Wonga' has been ordered to pay over £2.6m in compensation after it was found to have sent threatening Debt Collection letters purporting to be from law firms.The...
Insolvency service cracks down on dodgy directors
The number of Directors disqualified in England, Scotland and Wales has risen sharply according to new figures released by the Insolvency service.The latest statistics show that there was a massive 25% increase on the...
Pre pack administrations to be reviewed
The long awaited government commissioned review of pre pack administration conducted by Teresa Graham has recommended that potential administrations are subject to investigation by a panel of industry experts prior to being given the...
Debt Collectors called in for London Council tax blitz
A North London government authority has agreed to pilot a new debt collection project with London debt collection agency Agilisys Revenue Collection.Enfield Council has instructed the firm to target their historical council tax debt...
Legal Debt recovery firms given consumer credit regime extention
The SRA (Solicitors Regulation Authority) and the FCA (Financial Conduct Authority) have announced plans to extend the transition period for law firms working in the consumer credit debt recovery sector.Law firms active in these...
UK mobile contract debt on the increase
It has been revealed that in the UK, there has been an increase in the number of people are missing mobile payments, according to new research.British Mortgages and loans broker Ocean Finance conducted a...
Debt Collectors amongst the UK’s worst drivers
According to a new survey by Insurance company 1st central, Debt Collectors is the profession listed as 8th worst in the UK for road traffic accidents.Industry experts have been looking at the links between...
Cornwall’s 14m Debt problem
Despite being one of the UK's least populated areas, with just over half a million residents, new figures have shown that the Cornwall Council is owed in excess of a staggering 14m pounds in...
HMRC Debt Collection shame
The latest figures from 'False Economy' shows 215,144 occasions where the HMRC relied on its panel of Debt Collection Agencies to highlight cases where they had been wrongly instructed to collect supposed debts.It is...
Over 4m UK households in debt to their energy supplier
Almost four million households in the UK owe money to their energy suppliers, with debts averaging around £128, a recent conducted survey has found.The amount owed by the 14% of households in debt has...
