The Insolvency Statistics today show some 99,196 personal insolvencies were recorded in 2014, which is the first time the total has dropped below 100,000 since 2005. This represents a 1.8% fall in personal insolvencies compared to 2013, the lowest it…
ClearDebt Limited and Abacus (Financial Consultants) Limited are both wholly owned by ClearDebt Group Limited. ClearDebt Limited is an IVA company which only provides advice in reasonable contemplation of an insolvency appointment and which manages and administrates IVAs for customers…
Continue reading the "FCA authorisation: ClearDebt and Abacus’s position" »
We don’t think people will be getting free meerkats with payday loans anytime soon. On the face of it, a comparison site may be the last thing payday lenders need, after the recent criticism of such sites by the Financial…
Understanding whether taking out a payday loan makes sound financial sense can be a tricky issue for many people, but here we hope to educate you on the types of borrower that typically use these services. Drawing on data from…
Another batch of debt management companies bite the dust as the FCA impose their authority and urge customers to stop making payments. Not 24 hours after reporting requirements imposed on Bournes Debt Solutions by the FCA, the regulator, today (18…
Continue reading the "Three debt management firms bite the dust" »
The industry regulator for the debt management sector, the Financial Conduct Authority (FCA), has imposed a requirement on Bournes Debt Solutions. The regulator has put in force that the firm’s bank accounts cannot be dealt with in any way without…
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