Tag: Debt Collection

  • Debt Management Companies Are Failing According To FCA

    The Financial Conduct Authority has found that debt management companies are failing to provide the service they are being paid for and offering poor advice to indebted businesses. The findings raise issues for firms seeking the recovery of debts as well as those companies who may be struggling to pay back the money they owe.…

  • Debt Collection Complaints Rise 50 per cent

    According to latest statistics released by the Financial Ombudsman Service (FOS) the number of people complaining about debt collection has risen 50% in the last 12 months. The statistics include complaints about harassment from agencies who may have been a little too heavy in the way they have handled client cases. The results show that…

  • Debt Collection Good Practice

    All business whether big or small can benefit from having good practices in place when it comes to recovering debt. The main objective of debt recovery is usually to make sure that it doesn’t reach a recovery process in the first place. In other words, how can you help to make sure that your invoices…

  • Payday Lenders failures in Debt Collection

    Payday Lenders have come under fire a lot recently in the press due to their debt collection practices. The FCS (Financial Conduct Authority) has reviewed debt collection practices of payday lenders and found unfair practices in every one of them. The review found that customers are being treated unfairly and in many cases these customers…