Tag: banks
Boom time for Debt Collection Agencies purchasing bad debt
Debt Collection Agencies in the UK are purchasing bad debt for as little as 10p for every single pounds worth of debt they buy...
Banks see profits wiped out
The major UK banks saw a 45% rise in core profits in 2012, but that hike was wiped out by a mix of regulation and their own mistakes, a KPMG report says.
Banks Using PPI Refunds to Lower Outstanding Debt
Some £9 billion has been set aside to repay premiums on miss-sold policies. However, in some cases instead of being paid directly ...
