Record personal insolvencies
A record 35,574 people in England and Wales were declared insolvent in the last quarter of 2009, according to statistics out today from the Insolvency Service.
The figure – a 24.9 per cent jump on the same period a year ago – was made up of 17,007 bankruptcies, 13,219 individual voluntary arrangements (IVAs) and [...]
"prescribing life without debt"
Kicking the habit
None of us are perfect when it comes down to bad habits, but some are worse than others; not understanding your debt or finances is one of them. Kicking these bad habits into touch means that you can look towards“prescribing yourself a life without debt”
Too many credit card [...]
UK personal debt hits £1.46bn
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Total UK personal debt at the end of October 2009 stood at £1.46bn, a report from money advice charity Credit Action has revealed.
The charity’s statistics show that the 12-month growth rate of personal debt fell to 0.7 per cent, while total [...]
Bogus callers posing as council staff are luring homeowners into a council tax scam, say council leaders.
Residents are asked [...]
Bad debts have risen for nine of out ten companies according to research by credit information provider Creditsafe.
It said 91 per cent of UK companies polled in October had seen an increase in defaulted payments from creditors in the last year and one in ten (10.4 per cent) saw this increase by over 20 per [...]
134,000 UK firms show distress
The worst is yet to come for corporate insolvencies in the UK with 134,000 firms showing signs of financial distress, an insolvency specialist has claimed.
In its Red Flag Alert for the third quarter of 2009 Begbies Traynor said evidence is mounting that the UK economy is maybe at [...]
Every Day hundreds of debtors around the country are having goods seized due to none payment of debts and fines. The items are usually seized by collection officers or bailiffs sometimes known as the sheriff’s officers
Have you ever wondered what happens to all your treasured belongings when they have been taken away?
Today, much like any other auction at CW Harrison, [...]
Consumers could be putting their money at risk by paying consumer claims handlers who mis-manage complaints, an independent study for the British Bankers’ Association (BBA) has found.
Too many companies lure customers with the hope of striking out their debts without any evidence they can do so, while others demand upfront payments, the GfK NOP survey [...]
The ongoing postal strikes will leave many credit card holders with a black mark on their credit rating, uSwitch.com said this week.
The price comparison site made the remarks after discovering that credit card customers have incurred £150 [...]
This is designed to assist insolvent individuals who do not have any assets or very few, but who have an income from which small levels of debt can be repaid over a period of time. this procedure is only appropriate in smaller cases and It is cheaper than bankruptcy. If a debtor is [...]
