16 November 2011 | Jackie Hanlon
Last month, following a consultation between 10 March and 2 June 2011, the Office of Fair Trading (OFT) published a revised version of its Debt Collection Guidance. It was last revised in December 2006.
The...
Tags on this discussion: banks consumer credit act consumer protection consumers Credit Cards Debt Collection Guidance Debt recovery debtors debts Irresponsible Lending Guidance lenders Office of Fair Trading OFT
27 September 2010 | Justine Ash |
The European Parliament in Brussels has issued a press release announcing that the Parliament and Council of the European Union have reached an agreement on implementing new changes to the draft (Recast)...
Tags on this discussion: Litigation; Late Payments Directive; Late Payment of commercial Debts (Interest) Act 1998; Late Payments; EU Directive late payment; debt recovery; SMEs; Intrum Justitia; commercial debts
17 August 2010 | Iain Donaldson
Following a successful six-month pilot scheme last year, HM Revenue & Customs (HMRC) has appointed four debt collection companies “to help the pursuit of lower-value debts.” This hasn't come as...
Tags on this discussion: Debt recovery HM Revenue & Customs HMRC tax Taxation underpaid tax
2 February 2010 | Steven Mills
The OFT is consulting on guidance because of concerns that some debtors are being misled into thinking that these sections can be used to get their debts written off and that some creditors are not following...
Tags on this discussion: banking banks consumer credit mortgages Office of Fair Trading OFT
12 January 2010 | Karen Jacobs
If the signature is not authorised then the guarantee is not effective. Section 4 of the Statute of Frauds Act 1677 provides that a guarantee must be in writing and signed by the guarantor or a person...
Tags on this discussion: Upload-Banking & Finance Litigation
5 January 2010 | Clare Stothard |
Can debtors avoid paying their debts under the Consumer Credit Act 1974 ("the Act") if a bank is unable to provide an exact copy of the agreement?
Judge David Waksman held that the banks could satisfy...
Tags on this discussion: banks consumer credit act
17 December 2009 | Karen Jacobs
The claimant had lent the defendant sums totalling £56,450 between 1979 and 1983. Between 1982 and 2001, the defendant made payments totalling £72,336, but according to the claimant, interest had continued...
Mark Tudor 
