Friends and Relatives Unknowingly Sign Up to Large Debts

Friends and Relatives Unknowingly Sign Up to Large Debts

Citizens Advice has warned that too many friends and relatives are being saddled with mountains of debt after unknowingly signing up to guarantee expensive loan repayments.

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HMRC Delivered Record Tax Revenues in 2014-15

HMRC Delivered Record Tax Revenues in 2014-15

HM Revenue and Customs (HMRC) recently announced that a record £517.7 billion in tax was collected in 2014-15 as a result of economic growth and the continued crackdown on tax evasion and avoidance. This is apparently an increase of £12 billion on the previous year.

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Insolvency Profession Calls for ‘Breathing Space’ from Creditor Enforcement

Insolvency Profession Calls for ‘Breathing Space’ from Creditor Enforcement

Insolvency trade body R3 has called on the UK Government to follow the example of Scotland and other countries such as Australia and Canada and introduce a ‘Breathing Space’ provision for indebted individuals in England and Wales.

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Renters and Seaside Towns Suffer Mounting Personal Insolvencies

Renters and Seaside Towns Suffer Mounting Personal Insolvencies

Some of the highest rates of personal insolvency are to be found amongst social and short-term renters along with those living in seaside towns, according to recent English based research by Experian.

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Fall in Payday Loan Problems

Fall in Payday Loan Problems

There has been a steady decline in payday loan problems since April 2014, when new regulations were introduced by the Financial Conduct Authority and the regulator took enforcement action against lenders, Citizens Advice has reported. The number of problems fell further when the Government introduced the cap on payday loans on 2nd January 2015.

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