Rising Energy Bills to Force Households into Debt

New research from U-Switch.com has revealed that spiralling energy costs could force 27% of households into debt by 2015.
using a debt collection agency

Britons Spending 17 Days of Salary Clearing Debts

Research from Bright Grey's Financial Safety Net report today revealed that after their tax obligations, the average British full-time worker has to work solidly until late July to keep a roof over their heads each year.

Staff Cuts Lead to £1.1Bn in Unpaid Tax

Staff cuts has been listed as to why HMRC missed out on recovering £1.1bn in outstanding tax, according to the Public Accounts Committee

Stricter Credit Control Key to Improving Cashflow

Businesses are being urged to impose stricter cash and credit control procedures as a means of preventing late payments by a leading UK bank.

Debt Collection Agencies facing the perfect storm

A recent survey has revealed that the debt collection industry is facing a "perfect storm" due to outdated methods of collection utilised by some debt collection agencies.

Two Year Low for Credit Card Delinquencies

The latest credit card data released by FICO has revealed that credit card delinquencies have fallen for the past six months.

Payday Lenders to Improve Transparency

Business Minister Norman Lamb has announced that Payday loans lenders are to improve their codes of practice as a means to improve transparency and help to protect vulnerable lenders.
landlord rent arrears

IMLA Comments on UK Housing Debate

As debate about the UK housing market continues, the IMLA comments on recent findings and discussions.

IMF: Greece Must do More

Christine Lagarde, head of the International Monetary Fund, is intent on keeping up the pressure on Greece to bring its finances into order.

Greece Urged to Honour Rescue Plan

IMF head Christine Lagarde has said she hopes that elections in debt-stricken Greece produce a government committed to sticking to the terms of the country's rescue package.