Monthly Archives: June 2014

Government Clampdown On Tax Credit Overpayments

An investigation by The Independent newspaper and campaign group False Economy has revealed that the Government has called in debt collection agencies (DCAs) to try and recover around £1.6 billion in overpaid tax credits from 4.7 million British families. 215,444 overpayment cases were referred to DCAS in 2013/14 alone. Child and working tax credits were… Read more »

Bankruptcy, IVA Or DRO – Which Is Right For Me?

Bankruptcy, Individual Voluntary Arrangements (IVAs) and Debt Relief Orders (DROs) are all options for managing your debts and they’re all forms of insolvency. Beyond that, however, they are three quite different solutions designed for people in different personal and financial circumstances.   This article will help you understand how these solutions work, and give you… Read more »

Why Are Pro Footballers Going Bankrupt?

When you think of professional footballers, one of the first things that comes to mind is their vast weekly wage packets. Closely followed by huge mansions, designer clothes, luxury cars and glamorous WAGs – all a direct result of this fabulous wealth. So it may come as a surprise that, according to Xpro, a charity… Read more »

The Rising Tide Of Council Tax Arrears

The ever-growing mountain of consumer debt in the UK has been hitting the headlines recently, with much media attention focusing on payday loans and other forms of unsecured lending. But recent statistics released by the Citizens Advice Bureau (CAB) tell a different story as, for the first time, council tax arrears are outstripping other types… Read more »