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Northern Rock’s Bad Debts purchased by Debt Collection Agency
A debt collection business that takes non-payers to court has emerged as the buyer of £450 million of Northern Rock’s bad loans.
RBS in 500m Debt Collection stock market float
One of Britain's biggest debt collection Agencies is targeting a £500m stock market flotation that would loosen its ownership by the state-backed Royal Bank of Scotland (RBS).
German Media Group buys out Debt Collection Group
BCW Group, the debt recovery firm that employs 300 people in Glasgow, has been acquired by a German media giant
Irish University calls in Debt Collectors
An Irish university is hiring debt collectors to tackle the growing problem of unpaid student fees.
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.
Bailiffs fail to collect a single penny of 2m worth of debt
BAILIFFS hired by a council to recover more than £2 million in unpaid tax have yet to recoup a single penny.
Debt Recovery firm announces 18% rise in Collections
Leading Commercial Debt Collection Organisation Federal Management has announced a 18% increase in Collection figures for the first quarter of 2013, compared with the first quarter for 2012.
HMRC to increase use of Debt Collection Agencies
HM Revenue & Customs last year doubled the amount spent on debt collection agencies in respect of the collection of unpaid tax.
HMCTS seeking Debt Collectors to recover 1.8bn
Nearly £2 billion in court fines and confiscation orders remains unpaid, new figures have shown, while the Government has admitted it needs to do more to tackle the debt with the usage of Debt Collectors.
Wonga threatens customers with Debt Collectors
Payday loan company Wonga.com, which charges annual interest rates of up to 4,200 per cent, yesterday warned it plans to start using debt collectors
