Credit, Collections & Insolvency News
Here is an overview of The Money Charity’s latest statistics for January 2017: Personal debt in the UK People in the UK owed £1.512 trillion at the end of November 2016. This is up from £1.460 trillion at the end of November 2015 – an extra £1017.04 per UK adult. Based on November 2016 trends,…
Read moreThe Money Charity has released it’s latest monthly statistics with it’s research revealing that each Briton is spending, on average, £1001 a year on debt interest repayments, 3.79% of average earnings. That is more than £50 billion at an annual rate – the lowest figure seen since 2003. Debt might have grown to a record 12…
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The bank of mum and dad are still the first port of call for people when they hit financial crisis, according to a report by Christians Against Poverty The Charity asked 1,200 of their debt clients where they went for credit when they found themselves short. The results show friends and family as the top…
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Dharam Prakash Gopee , appeared at Westminster Magistrates Court charged with offences under the Consumer Credit Act 1974 and the Financial Services and Markets Act 2000. These charges arise from an investigation carried out by the Financial Conduct Authority (FCA) into Mr Gopee and companies he controls including Reddy Corporation Ltd, Speedy Bridging Finance Ltd…
Read moreCreditfix, has revealed the top 20 postcodes with the highest percentage of people living in debt and currently undertaking an IVA/PTD. Individuals living in Motherwell, Kilmarnock and Glasgow top the list, closely followed by South East London and Plymouth.According to new nationwide data from Creditfix, the top 20 postcode areas across England, Scotland, Wales and…
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The Carrington Dean Group has become the first full service debt advice and solutions business in Scotland to receive Financial Conduct Authority (FCA) authorisation, . Carrington Dean Chief Executive Peter Dean said “Vulnerable people seeking debt advice need to be able to trust they are dealing with an ethical and expert firm that will always put…
Read moreAs part of Provident Financial Group results, the Vanquis Bank division has revealed a 9% rise in customer growth. Here is an overview of the Group’s results on trading for the financial year ended 31 December 2016, ahead of its preliminary results for the year which will be announced on 28 February 2017. Vanquis Bank: delivered fourth…
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EE has been fined £2.7 million by Ofcom for overcharging tens of thousands of its customers. The penalty is the result of an investigation into the mobile phone provider, which found that the company broke a fundamental billing rule on two separate occasions. First, EE customers who called the company’s ‘150’ customer services number while…
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January is the month of the most registered deaths and the highest funeral bills of the year according to latest figures released by SunLIfe. The month always sees more registered deaths than any other time of the year, with 47,336 in the first four weeks of 2016; 17% more than the rest of the year. And…
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The Office for National Statistics (ONS) has published UK consumer price inflation statistics for December 2016, which show that inflation rose by 1.6 percent in the year to December 2016, compared with a 1.2 percent rise in the year to November. Commenting on the statistics Joanna Elson OBE, chief executive of the Money Advice Trust,…
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Alejandro Zurbano, currently Managing Director of Lindorff Spain, has been appointed leader of a combined management and service organisation of Aktua and Lindorff Spain. Zurbano becomes the country manager of the total business of Lindorff Group in Spain. Zurbano will be in charge of leading the organisational integration process following the acquisition of Aktua by Lindorff in…
Read moreDun & Bradstreet has become a Corporate Partner to the Chartered Institute of Credit Management (CICM). Dun & Bradstreet will work closely with the CICM to provide insight from its payment data in support of the Prompt Payment Code and will also continue to be active at the CICM’s quarterly Think Tank meetings. Ed Thorne,…
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Nearly half (47%) of small and medium-sized business (SME) owners claim the business advice they received in the last year from their mainstream bank had a negative impact on their business operations and one in six (16%) of these suggested their business is now in a worse position as a result. This is according to…
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