Complaints about consumer credit including payday loans and hire purchase showed a rise in the second quarter according to latest statistics released by the Financial Ombudsman Service (FOS). Consumer credit complaints totalled 7,281 in the three months to June 30, up from 5,846 in the same period last year. Payday loans, which provide short-term credit at…

Shelter has been announced as the supplier to deliver a three-year contract for specialist debt advice support services on behalf of the Money Advice Service. The support service will provide organisations across the debt sector with free access to a panel of experts to help guide them through complex debt cases and help them with…

The number of mortgages in arrears of 2.5% or more of the outstanding balance declined to 88,200 in the second quarter of this year, the lowest level since at least 1994 when this run of data began. The total was 5% lower than in the first quarter (92,600) and amounted to 0.8% of the more…

There was a slight fall in the number of debt judgments recorded in the Ireland during the first half of the year, according to figures released today by Registry Trust. There were 1,117 judgments registered against consumers in the first six months of 2017, only one percent higher than the same period last year. But…

Debt Management specialist Bridgewood has appointed Louise Carrington from RSM Tenon to become the firm’s new Insolvency Practitioner. Carrington started her career at P&A before spending nine years at RSM where she was Associate Director. Carrington said: “I was attracted to Bridgewood as they are a growing insolvency firm locally and are well-known for being friendly, approachable…

The number of debt judgments in Northern Ireland increased during the first half of 2017 according to figures released today by Registry Trust. There were 4,101 small claims judgments in the first six months of the year, a year on year increase of 11 percent. The total value rose by 21 percent to £8.3m. The…

There was a small increase in the numbers of decrees for debt against Scottish consumers during the first half of 2017, according to figures released by Registry Trust. In the first six months of 2017, 10,967 debt decrees were registered against consumers in Scotland, a four percent increase on the same period last year. The…

Midlands insolvency experts are raising the warning flag following the release of data by the Office for National Statistics which highlights that more than a quarter (26 per cent) of adults say they are burdened by some form of non-mortgage debt. While these preliminary results from the ONS’s latest Wealth and Assets Survey show that…

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