SME Debt Hits Record High With Large Businesses Blamed
New data released by Bacs Payment Schmes shows the level of outstanding debt owed to SMEs in the UK has reached a high of £35.5bn.
Young Homeowners Have Lower Debt Arrears
The Consumer Credit Counselling Service has said that homeowners in their 20's mnage their household budgets better thanks to cheap mortgage deals.
Settlement Reached Between FTC and Debt Relief Company
The Federal Trade Commission put a stop to the allegedly deceptive practices of a debt settlement operation that lured consumers with exaggerated claims about how it could help reduce their debts.
Loss of Income Blamed for Debt Levels
New figures from DEMSA member EuroDebt Financial Services reveal that nearly 1 in 4 (23.6%) of its clients fell into debt as a result of a loss of income.
Incomes and Savings Growing Alongside Debts
Families in the UK have seen monthly incomes nudge ahead of inflation as the typical monthly household income hits £2,150, according to the latest Aviva Family Finances Report.
Nonhome Finance Write-Offs Hit Lowest Level in Six Year
Nonhome finance write-off dollars year-to-date through April have decreased 52 percent, according to Equifax’s April National Consumer Credit Trends Report.
British Chambers of Commerce Slashes UK Growth Rate
The forecast for economic growth for 2012 has been slashed from 0.6% to 0.11% by the British Chambers of Commerce.
Credit Cards Key to Keeping Up Appearances
Credit card debt is being increased by Brits who attempt to keep up with appearances regardless of having the cash to do so or not.
CSA Celebrates success of CAI Initiative
The Credit Services Association (CSA) is celebrating the tremendous progress of the Collector Accreditation Initiative (CAI), and its ...
New Chief Executive for The Insolvency Service
The Insolvency Service has announced the appointment of Dr Richard Judge as its new Chief Executive. He takes over from Stephen Speed who has been the Chief Executive
