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E1 BTL FINANCE News |
A British debt collection company, Robinson Way Ltd, previously owned by London Scottish Bank, which collapsed lately, re-emerged on the UK market of debt collectors. According to the Credit Services Association, country’s body for debt recovery agencies, the major challenge... (Continue reading)
The latest statistics suggests that Chester-le-Street in Durham and Camberley in Surrey have acquired the status of the most indebted towns in the United Kingdom with residents of Chester-le-Street and Camberley owing each £3,470.79 and £2,000 on various loans accordingly. The... (Continue reading)
On Friday, the indebted property firm Brixton was negotiating a possibility of merger with potential applicants. The company cherishes a hope to find out a white-knight who will gloriously settle accounts with constantly growing company’s debt. The direction of the... (Continue reading)
Economic recession affected the major part of households. No wonder that many of them appeal to independent advice of debt charities. No answer comes. Debt charities are so buried with calls that they can only answer half of them. For... (Continue reading)
The Office of Fair Trading (OFT) considered “unacceptable†the practice of leaving the messages from debt collectors with neighbors of people who are being traced. Such situation might disclose people’s debt problems and lead to embarrassment. One London-based company had already... (Continue reading)
The forecast for 2009 associated with the number of repossessions, which were predicted to reach 75,000, turned out to be too pessimistic, claims the Council of Mortgage Lenders (CML). Despite the fact that only 4 months of 2009 have passed, the... (Continue reading)
The nationalized bank Bradford & Bingley started the securitization to low down the debts on buy-to-let mortgages. However during the first quarter of 2009 a sharp rise in arrears was observed instead. This fact attracted attention of specialists, and after some... (Continue reading)
Many people in the UK face the disaster of repossession, though the Government takes poor efforts of supporting the population. The released data shows us the following: the number of repossessions in the fourth quarter of 2007 was 6,900 compared... (Continue reading)
In the first three months of 2009 (January through March), debt collection company, Intrum Justitia, has seen significant and unacceptable losses within its UK credit management services division. The company’s UK and Ireland division employs 230 people and is headquartered in... (Continue reading)
Last week, Royal Bank of Scotland (RBS) was ordered to halt its repossession proceedings against the Addyman family after watchdog labeled it “unfairâ€. Last September, NatWest, which is a part of the Royal Bank of Scotland group and is 70% owned... (Continue reading)
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