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.

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

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

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

The failure to meet repayments on a £4m loan to its bank led to law firm Marsden Rawsthorn going into administration.

A bogus medical assistance provider has been wound up in the public interest in the High Court following an investigation by The Insolvency Service.

Bank lending to businesses is set to rise for the first time in four years

BAILIFFS hired by a council to recover more than £2 million in unpaid tax have yet to recoup a single penny.

Herefordshire-based Marches Credit Union Limited has been placed in liquidation following an order issued by the High Court