MP calls for investigation into banks debt collection practices
Labour MP John Mann has lead calls to launch an investigation into the 'menacing and misleading' world of 'in-house' debt collection practices conducted by banks and blue chip companies.The Daily Mail revealed in a...
Student Loans Company ceases Debt Collection letters
Since news emerged regarding the usage of 'spurious' debt collection letters being used by the Student Loans company (SLC), it has now been revealed that the SLC has now suspended its use of them.It...
‘Fake’ Debt Collection scandal spreads to student loans
Hot on the heels of the Wonga scandal, UK university graduates who have fallen behind on their loan repayments have been receiving threatening communications from what purports to be a third party debt collection...
Wonga faces Police investigation over false Debt Collection scam
Further to this weeks earlier revelations, shamed payday firm Wonga, which presents itself as the “straight talking” short term loans company may now face a police investigation into their use of fake legal and...
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...
