Category: Late Payment Policy

  • Retail Home Shopping

    Consumers don’t need to venture outside of their front door to shop for home, personal, gifts and gardening items. There are 24 hour television channels dedicated solely to the home shopping audience. The internet also serves as an easy way to click a shopping basket full of items that, many times, are bought on a…

  • Buy now, pay later grocery schemes are a ‘debt trap’ for struggling families

    UK regulators say the latest surge in interest-free credit does not offer enough protection for those who are slipping into debt. Families hit by the cost-of-living crisis are being targeted by credit firms offering “buy now, pay later” deals on weekly groceries, pet food and hot drinks. Shoppers are urged to spread their payments for…

  • Christmas Shopping Debt

    Christmas shopping to leave Brits with four months of debt The average Brit gets into £439 of debt over the Christmas period, which can take four months to recover from. According to debt management company Lowell, more than a fifth (22 per cent) of British consumers are feeling pressure to spend beyond their means this…

  • Warning as millions of taxpayers owe money to HMRC – are you affected?

    TAX debt is now more than double pre-pandemic levels with the National Audit Office (NAO) today warning the HMRC may struggle in dealing with the workload of collection. Up to 2.4 million taxpayers are thought to be in debt to HMRC since the pandemic with a total debt of £42billion in September according to the…

  • Small UK Businesses to consider insolvency to escape COVID loans

    An article from The Financial Times has revealed that small businesses in the UK are seeking advice on ways to escape dangerous levels of debt built up in government-backed loans during the Covid-19 pandemic, with some considering prepack administrations. Begbies Traynor, the listed restructuring company, said its analysis showed more than half of UK businesses…

  • What should a late payment letter include?

    Late payment or debt recovery letters as they are sometimes called can be an effective way to recover debts if they are put together correctly. Here’s some advice on how to compile your own letter and what and how much to include. Before we get started it is also worth noting that you may need…

  • Three-step process

    Whatever the size or age of the debt, we can save you time by advising you at the earliest stage about the best way to go about recovering your money. Our three-step process makes understanding debt recovery easy and our aim is to resolve matters before step two. These steps are; 1. Pre-litigation This includes:…

  • Payment holidays are due to end on October 31, but there is still a way to get financial support

    Martin Lewis urges people with debt to apply for a payment holiday before the support ends in a few days. Martin Lewis has issued an urgent warning to anyone across the UK struggling with their finances due to the ongoing coronavirus pandemic. Writing in the latest edition of the MoneySavingExpert.com newsletter, the consumer champion had…