Tag: Business Debt

  • UK credit card debt hits record high

    Consumers borrowed £1.5bn net in February — the highest monthly figure since statistics began in 1993 UK consumers borrowed a record amount in February, with some economists saying it was a sign of the cost of living crisis hitting wallets even before Russia’s invasion of Ukraine pushed energy prices higher. Individuals borrowed a net £1.5bn…

  • The truth about getting out of debt

    For a lot of people, getting out of debt seems impossible. But it’s not – you just need to know what to do and where to start. In this blog post, we’ll talk about the truth about getting out of debt, and give you some tips on how to get started. So whether you’re struggling…

  • 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…

  • 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…

  • Eviction rights explained as notice periods for tenants is slashed

    Eviction notice periods are being reduced as notice periods return to pre-pandemic levels. We explain what this means and your rights if you’ve been asked to leave your home. Eviction notices are being slashed as temporary measures in place to protect tenants return to pre-pandemic levels. Extra support was put in place during the Covid…

  • CAN LANDLORDS EVICT TENANTS IF THEY HAVE BEEN AFFECTED BY THE CORONAVIRUS PANDEMIC?

    An article from Property Wire has advised that Landlords who look to evict tenants once the eviction ban ends on August 23rd need to disclose whether a tenant’s circumstances were affected by the pandemic. If the situation isn’t properly investigates and disclosed, judges could throw some cases out of court. The article has said that…

  • ‘Severe arrears’ now just cause for bailiff-enforced evictions

    There’s been a further tweak to the eviction controls introduced in England for the duration of the lockdown, lasting until December 2. There has been substantial publicity for what is effectively a ban on evictions, which followed a letter from government to bailiff authorities asking them not to en force possession cases during the lockdown.…

  • Council tax support options explained

    COUNCIL TAX, as many bill payers will know, can be a substantial outgoing when it comes to monthly bills. A few weeks ago, the temporary ban on face-to-face collection of debts came to an end – leaving some no doubt wondering what forms of support may be out there. The government’s five-month emergency suspension on…