Credit, Collections & Insolvency News
Hundreds of thousands of people struggling with debt problems will be supported through the newly launched debt respite scheme. The Breathing Space measures will give those facing financial difficulties space to receive debt advice, or mental health crisis treatment, without pressure from creditors or mounting debts. Under the scheme, people will be given legal protection…
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Folkestone & Hythe District Council has awarded NSL, a Marston Holdings company, a three-year contract extension for the provision of parking enforcement and debt recovery services. Under this contract, which was originally awarded in 2017, NSL will continue to provide enforcement of on and off-street parking regulations, including the management of coastal car parks, special…
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The number of decrees registered against Scottish consumers during the first Quarter of 2021 fell by over 25 percent, from 5,430 to 4,052, compared to the same period last year, according to figures released by Registry Trust. The total value fell from £14.2 million to just under £11 million compared to the same period last…
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The number of debt judgments registered against Northern Ireland consumers in the first Quarter of 2021 fell from 1,476 to 972, a fall of just over one third compared to the same period last year, according to figures released by Registry Trust. The total value of judgment debt saw a smaller fall, down 6.3 percent…
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The number of judgments registered against Irish consumers saw huge falls in the first Quarter of 2021 compared to the same quarter last year according to latest Registry Trust figures. The number of judgments against consumers fell by 73 percent, from 565 to just 155. The total value fell by 71 percent, from nearly €26…
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Latest figures from the Insolvency Service have indicated a 60% rise in personal insolvency rates across England & Wales. Personal insolvencies increased by 60.2% to 10,941 in March 2021 compared to February’s figure of 6,828, and were 40% higher than March 2020’s figure of 7,815 There were 1,591 Debt Relief Orders (DROs) and 1,028 bankruptcies in…
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Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies continue to remain low in comparison to previous years. In March 2021 there were 184 personal insolvencies in Northern Ireland, this was 82% higher than March 2020 but 19% lower than March 2019; this consisted of 140 IVAs, 36 DROs and 8…
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One in twelve private renters has been given notice to move out without a reason since March 2020, a new poll by Survation has revealed. The survey, commissioned by Generation Rent has indicated that as many as 694,000 private tenants have been served with a Section 21 notice during the pandemic, which allows landlords to…
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New research by Citizens Advice shows the charity is now helping one person every minute with problems relating to renting from a private landlord. In the first two months of this year, the charity saw a 40% increase in people seeking one-to-one advice on issues relating to the private rented sector compared to the same…
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One in five consumers in the UK (20 percent), equating to an estimated 10.2 million people, say they are worried their finances will not fully recover from the impact of Covid-19, according to new research from the Money Advice Trust. The research, based on a poll of more than 2,000 adults conducted online by YouGov,…
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Around 840,000 tenants who have fallen into arrears are in danger of losing their homes as a result of the pandemic, according to data from the National Residential Landlords Association (NRLA) The NRLA says with no action possible against them, these debts are increasing to the point where there is no hope of many being…
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Two-thirds (66%) of consumers wait over a year to do something about their debts according to new research from debt advice specialist PayPlan. The report also shows that 73% feel embarrassed to reach out for debt support and A third of people put off help as they don’t want their friends or family to find out…
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Marking the start of the Debt Awareness Week, debt charity StepChange is encouraging people to take TheFirstStep towards getting debt help, by opening up the conversation around debt and removing the stigma that can surround financial problems. Debt Awareness Week is the charity’s annual campaign to raise awareness of problem debt and remind people that…
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