Monthly Archives: December 2011
Debt Solutions Helpline – which acted as an intermediary between debt management providers and IPs – is being wound up with estimated total liabilities of almost £200,000.
More than four times as many people applied for a payday loan in the last two weeks than in the whole of November, according to micro-loan lender Ferratum, which has had to take on additional staff to handle applications in … Continue reading
Buy My Debt Limited (BMD) and Trusted Partnership Limited were two firms that were linked to each other, they obtained at least £74,000 from buying consumer unsecured debt and then promising them they can free them of debt. It has … Continue reading
We are living in unpresidented times where our economy with many other economies worldwide are suffering astronomical debt issues.
Retail banking and investment banking operations are to be completely separated, as this will ensure taxpayers are not exposed to failing institutions in the future.
The Independent Commission on Banking (ICB) has made a series of recommendations in its report led by Sir John Vickers. Here are some of the key points.