HMRC Overpayments Cause Debt Problems

HMRC Overpayments Cause Debt Problems

There has been a 14% increase in the number of people falling into debt in 2013/14 as a result of having to repay overpaid tax credits, Citizens Advice has reported.

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Tough new rules for consumer credit market

New rules to govern the £200 billion a year consumer credit market, which includes approximately 50,000 firms, have been confirmed by the Financial Conduct Authority (FCA).

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Payday loans not just used for emergencies

Payday loans are increasingly being used to help pay for everyday expenses such as groceries and not just for emergencies like fixing a boiler or repairing a car, according to new research conducted for the think tank IPPR. 

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AIB Scottish Insolvency Figures: Sequestrations down 40%, Protected Trust Deeds down 11%, Corporate Insolvencies down 56%

maureen

Maureen Leslie, Corporate Solutions Director added her comments to the release of the AIB Scottish first quarterly update of 2013/2014 (note the following key statistics: Sequestrations down 40%; Protected Trust Deeds down 11%; and Corporate Insolvencies down 56%). :-

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MLM Shortlisted for 'Team of the Year' at the prestigious Insolvency & Rescue Awards

Antonia, Derek and the whole of the Personal Debt Solutions Team are delighted to announce being shortlisted for the accolade of Team of the Year at the 2013 Insolvency & Rescue Awards, being held in London's Lancaster Gate Hotel of 3 October. Indeed, Antonia was quoted as saying "This is the second year running that the Personal Debt Solutions Team has been shortlisted and just goes to further acknowledge the excellent development of the team and its professionalism in a tough market."

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