debt collection

Debt collection agency shut down after keeping client funds

19th August 2025 Commercial Collections and Recoveries | #debt collection #fraud

Three connected debt collection companies, which kept more than £50,000 in client funds they collected on their behalf, have been shut down. Sunderland-based EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited falsely presented themselves as professional agencies with decades of experience while taking money from both clients and their debtors. The companies…

Alternative lending borrowers four times more likely to face debt

18th March 2024 Arrears and Recoveries | #alternative lending #debt collection

Users of alternative financial products, like home-collected loans and payday loans, are four times more likely to be contacted by a debt collector, according to a new study of customers by Lowell. One in five adults who use alternative financial products were contacted by a debt collector in 2023, while one in twenty people in…

Two in three consumers find debt collections ‘stressful’

18th May 2022 Arrears and Recoveries | #debt collection #featurred

New research by InDebted has found that around 2 in 3 UK adults (64%) who have interacted with existing debt collectors say the experience was stressful’, increasing to about 3 in 4 (74%) among 18-34-year-olds. The company polled over 2,000 people and found that one in three (34%) who previously or currently have debts say…

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debt collection

Debt collection agency shut down after keeping client funds

Alternative lending borrowers four times more likely to face debt

Two in three consumers find debt collections ‘stressful’

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