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 card use is increasing

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

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.