Tag: debt collection
Debt Collection Agencies pursuing £62bn
The amount of consumer debt passed to UK debt collection agencies rose to £62 billion in the third quarter of 2012, the highest level recorded in over a year.
Concern over Tax Credit Debt Collectors
Campaigners have called on the government to ensure debt collectors have high standards when collecting tax credit overpayments.
OFT issues new Debt Collection guidelines
The OFT has also published revised Debt Collection Guidance, focusing on continuous payment authority (CPA), a mechanism commonly used by payday lenders to collect repayments.
One in four UK businesses struggling to pay debts
Cash-flow problems that could leave companies unable to “fund any future recovery” are affecting one in four small businesses.
Ministry of Justice to reform Bailiffs Industry
We can all expect to hear more about bailiffs in the next few months. The Ministry of Justice is planning to reform parts of the 700-year-old framework governing these debt-enforcement officers
Breaking: OFT begins investigations into Lenders Debt Collection practices
The OFT has opened formal investigations into several payday lenders over aggressive debt collection practices.
Council vows to curb ‘Gangster Bailiffs’
SWINDON Council is taking steps to tighten control on bailiffs acting on its behalf after some were branded as “gangsters”
Swedish giants buy out UK Debt Collection firm
Debt recovery business Robinson Way is set to grow the range of services it offers after being bought by a Swedish financial services firm.
Insolvency Service issues UK Debt Recovery Tender
The Insolvency Service has issued a £6m tender for debt recovery services relating to bankruptcy.
British Consumer Debt reaches £58 Billion
Figures released by the Credit Services Association (CSA) have shown sharp rise in consumer debts.
