There were 1,160 judgments registered against consumers in Ireland during the first half of 2019 according to the latest figures released by Registry Trust. This is a 25 percent leap in the number of judgments, compared to the same period of the previous year which, at 930, was the lowest first half-year figure on record.…

Invenio Financial the debt purchasing subsidiary of Phillips & Cohen Associates (PCA) has announced that it has appointed the senior debt purchase executive, Alexander Holzgreve, as Head of Acquisitions Europe, to lead European growth for the group. Invenio & PCA, the globe’s leading decedent debt specialist, together form the only dedicated buying group for deceased…

HSBC has voluntarily agreed to extend its redress scheme for customers who may have lost out by paying an unreasonable debt collection charge imposed by HFC Bank and John Lewis Financial Services (JLFS) the Financial Conduct Authority (FCA) has announced. Both HFC and JLFS are now part of HSBC UK Bank. The redress scheme relates…

Kirklees Council wrote off almost £6 million of bad debt during the financial year 2018-19 according to new figures released by the council. Whilst the figure appears high finance chiefs at the council have advised it reflects only a tiny percentage of the authority’s revenue. The largest write-offs from April 2018 to March 2019 were…

The Financial Conduct Authority (FCA) is failing to adequately protect consumers from high-interest costs on credit cards according to a new report by the Centre for Responsible Credit, Jubilee Debt Campaign, New Economics Foundation and Research for Action. The report also calls for a cap on the total cost of charges that borrowers pay. Almost…

Research by the Stepchange debt charity has found that almost one in five people who have taken out a high-interest rate, sub-prime credit card were unemployed at the time it was issued. Around four million people have a sub-prime credit card (defined as cards with an interest rate APR of 30-70%). The research found a…

Councils across England and Wales have today (Monday 8th July) launched a pilot a scheme that will help local authorities recover unpaid Council Tax – currently costing local authorities tens of millions every year. Twenty-nine local authorities will take part of the trial working with the Department of Work and Pensions (DWP) and Revenue and…

The majority of consumers are still living in the ‘age of austerity’, more than 10 years after the recession, a study has found. The study has found that 96 per cent are looking for ways to reduce their spending on a daily basis. Shopping in the reduced section, using price comparison sites and withdrawing cash…

Almost half of consumers are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK Spending Report, commissioned by a leading personal insolvency practice, Creditfix, has revealed that almost 1 in 2 consumers(46%) are currently in debt. Those who admitted to…

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