Concern as number of UK company liquidations rises
The number of compulsory company liquidations in England and Wales rose by a staggering 53.1% during the first quarter of 2014, compared with the same period in 2013 according to new statistics.The Official statistics...
Revealed: Lansdown – The UK’s capital of debt
The latest data released by the BBA (British Bankers Association) has revealed that the leafy affluent area of Lansdown, a suburb of Bath, is the UK's number one hotspot for personal debt.Lansdown is part...
Former Director of Stepchange Debt Charity joins Wonga
In a bizarre twist of events, former anti-payday loans campaigner and Stepchange Director Delroy Corinaldi has joined Wonga as their new head of Public relations.Corinaldi had previously campaigned against Payday loans companies and this...
Bailiffs have powers removed
New laws that come into effect this weekend will see Bailiffs banned from entering homes at night and from using physical force against debtors. The term 'Bailiff' is also set to be changed to...
Boom time for Debt Collection Agencies purchasing bad debt
Debt Collection Agencies in the UK are purchasing bad debt for as little as 10p for every single pounds worth of debt they buy according to new reports.Leading credit rating agency Standard & Poor's...
Royal’s new nanny named on Debtors list
The new nanny of the Royal latest addition, Prince George, was the subject of discussion yesterday after being exposed as a council tax evader.Maria-Teresa Turrion Borrallo aged 43, was named on a Spanish local...
Council writes off millions after Debt Collection failure
A cash strapped council has had to write off more than 2m of unpaid council taxes after Debt Collectors and Bailiffs recovered just £35,000 from a total of 2 million owing.The unnamed Debt Collection...
HMRC gets tough with new Debt Collection powers
As part of the Governments new budget announcement, the HMRC are to be given new powers to strengthen their Debt Collection powers as part of a drive to increase revenue for the state.Tax evaders...
Ireland’s biggest university hires Debt Collectors
The Republic of Ireland's biggest University has begun using a Debt Collection Agency in the hope of recouping nearly one million euros worth of outstanding student fees.The University College Dublin is just one of...
FCA to review Debt Collection practices of Payday Lenders
Payday money lender firms have long been criticised for expensive interest levels and also apparent simplicity assisting the UK population with escalating numbers of debts, however now they may be on its way within...
