Boyband call in administrators in the middle of UK Tour

British Boyband Blue might want to think about adding some extra dates to their comeback tour -after going bust mid tour after increasing pressure from creditors.

Female Insolvencies on the increase

Payday lenders and other expensive credit providers who are 'ruthlessly targeting' young women could be behind the growing proportion of women being declared insolvent.

HMRC issues Tax Credit scam email warning

People who receive tax credits are being warned about scam emails being sent out by fraudsters in an attempt to gather card details and passwords.

Debt Purchase Group competitor buy out

DEBT purchaser Lowell Group has acquired the Interlacken Group in a move to bring additional strength to the firm.

Armed Police called in to assist Bailiffs in Gloucestershire

ARMED police descended on a Gloucestershire home after residents brandished knives and ball-bearing guns during a forced eviction of a middle-aged woman.

US Investment firm buys UK Debt Collection Agency

Private equity firm AnaCap announced yesterday it had agreed to sell British consumer debt collector Cabot Credit Management (CCM) to U.S. investment firm JC Flowers.

Payday Loans Debt Collection methods drive man to suicide

A father struggling to cope with mounting debts to payday loan companies died after setting himself on fire, an inquest has heard.

US state sues bank over Debt Collection practices

The American state of California is suing JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit card customers and abusing the court system

Bailiffs to attend Jobcentre to enforce County Court Order

BAILIFFS are set to raid a Jobcentre and seize goods in settlement of an unpaid £400 bill.

Banking chief quits over debt rating fiasco

The chief executive of the Co-operative Bank has resigned after its debt was reduced to ‘junk’ status by a leading credit ratings agency.