Credit, Collections & Insolvency News
The number of consumer debt judgments issued in the UK during the first quarter of the year rose for the fifth year in a row, according to figures released by the TrustOnline. During Quarter 1 of 2018, 315,121 consumer judgments registered in the UK, almost doubled compared to 162,000 judgments issued during Quarter 1 2010.…
Read moreThe number of debt decrees registered against Scottish companies sharply rose during the first quarter of 2018, according to latest figures released by Registry Trust. During Q1 2018, 7,259 debt decrees were registered against Scottish consumers, six percent more than in Q1 2017. Despite rising in number, a 14 percent fall in average value led…
Read moreMore county court judgments (CCJs) were registered against consumers in England and Wales during Q1 2018 than any other quarter since current records dating back to Q1 2005 began, according to figures released by Registry Trust. During Q1 2018, 305,877 judgments were registered against consumers in England and Wales – over double the 150,622 consumers…
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The HMRC has increased its spend on private sector debt collectors by 62% in the last year to £39m in 2017, up from £24m in 2016, says UHY Hacker Young, the national accountancy group. UHY Hacker Young says that the steep rise in spending on private sector debt collectors could suggest that HMRC may be…
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New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q1 2018 was 46, up from 25 in the first quarter of 2017. The rate of second charge mortgage repossessions (as a percentage of outstanding agreements) was 0.09% in the twelve months to March 2018.…
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Enforcement specialist JBW Group, have announced they have agreed the recovery of unpaid Road User Charging penalties with a 3-year contract extension with the Highways England Dart Charge Scheme. Following an intensive competitive procurement exercise undertaken by Highways England earlier this year JBW Group, a supplier since the launch of the Dart Charge scheme in November…
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The number of debt judgments registered in Jersey rose slightly during the first Quarter (Q1) of 2018, according to figures released today by Registry Trust. In Q1 2018, a total of 543 debt judgments were made, 13 percent more than during the same quarter last year. This increase in total volume was caused by an…
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UK consumers saw a 22 percent spike in adverse debt judgments last year, according to national statistics released by TrustOnline. Over the same period the number of online searches by people checking judgment status grew by ten percent. During 2017 nearly 1.2 million judgments were registered against consumers in England, Wales, Scotland and Northern Ireland.…
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The number of tickets issued to drivers on parking on private land has surged by almost a million in just 12 months to a new high, the latest official data suggests. RAC Foundation analysis of DVLA data shows that in the last financial year (2017-18) 5.65 million sets of vehicle keeper records were released to…
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The Civil Court Users Association (CCUA) has announced that it has secured Susan Acland-Hood CEO of Her Majesty’s Courts & Tribunal Service (HMCTS) as its Keynote Speaker its Annual Conference in Birmingham on 16th October. Commenting on the news Amir Ali Chair of the CCUA said “I got the chance to meet and brief Prime Minister…
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The total value of consumer debt judgments registered in the Republic of Ireland topped €100m in Quarter 1 of 2018, for the first time during a single quarter since Q3 2015, according to figures released today by Registry Trust. Four hundred and seventy-one judgments were issued against consumers during the first quarter of the year,…
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Levels of arrears and repossessions are expected to grow this year, according to Jackie Bennett, Director of Mortgages at UK Finance, at the UK Finance Speaking at a UK Finance annual mortgage lunch, Bennett noted that arrears were at a historic low in 2017 with 89,000 people with arrears balances of 2.5% or more of their…
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According to research by Callcredit Information Group, 30% of consumers see defaulting on a loan payment as being the fault of the lender rather than the borrower. The study also revealed that consumers are increasingly feeling financial pressure, with almost half (45%) saying the financial burden on their personal finances has increased and that they…
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