UK debt collections
FEBRUARY 12, 2025
In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting debts to help service users more effectively and boost collections revenues.
Debt Guru
JANUARY 27, 2021
A debt management plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. If you’re feeling buried under the weight of multiple debts, a DMP might be the solution to escape the crush.
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Hudson Weir
JANUARY 10, 2025
We strongly advise any business facing difficulties in paying its debts when due to contact an experienced insolvency practitioner promptly. For any company owing money to the government, we recommend reading our HMRC debt management and collection guide.
Titan Consulting
SEPTEMBER 22, 2020
After years of sparse regulation and oversight that allowed a few unscrupulous companies to unlawfully take money from consumers without helping them achieve debt relief, Congress provided the necessary consumer protections to regulate the debt relief industry. Credit counseling requires the repayment of the debt in full.
Hudson Weir
DECEMBER 10, 2024
This procedure lets a company continue to trade while paying back its debts via a structured agreement, while improving cash flow in the meantime and easing creditor pressure. If there is a way for the insolvency practitioner to rescue the company, a company voluntary arrangement (CVA) could save the business.
Hudson Weir
AUGUST 21, 2023
In this guide we explore HMRC debt management and collection, including the options if your business is struggling to make a repayment. The National Audit Office reports the total tax debt reached £42bn in September 2021, up from £16bn in January 2020 before COVID-19. If that’s the case, your company isn’t alone.
Sawin & Shea
FEBRUARY 2, 2022
Debt Management Programs. Debt relief programs or debt management plans are very common these days. Typically, these programs enable you to pay off all of your credit card debt in full, but through a single reduced rate payment. You should also be wary of debt relief scams. Credit Balance Transfers.
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