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Top Story ‘Significant’ number of brokers owed commission by failed debt firmWednesday 28th July 2010
It has emerged that one of the biggest debt management providers operating in the intermediary sector has entered liquidation proceedings, owing a ‘significant’ number of brokers commission.
Manchester based debt management firm, TCF Debt Solutions, has appointed insolvency practitioners Clarke Bell, and has sold its assets for an undisclosed sum to another debt solutions firm – the MoneyPlus Group.
The website is still functioning and staff are answering the phones, although no one would comment on the firm’s current situation.
Instead, Debt Management Today was asked to contact Chris Davis, CEO of the MoneyPlus Group.
Chris Davis confirmed that his group completed the acquisition...
Bank worker embezzled £150,000 to pay off credit card debtsWednesday 28th July 2010
An indebted bank worker has admitted to an £150,000 fraud after racking up £70,000 of credit card debts, according to a BBC news report.
Janie Cameron, 29, of Glasgow, worked as a customer services advisor at a South Lanarkshire branch of the Royal Bank of Scotland, where she embezzled the cash between...
Consumer credit regulation may be taken from the OFTWednesday 28th July 2010
Consumer credit providers could be about to see some huge changes, as the Treasury reveals it may move the regulation of the industry from the Office...
Northern Rock director banned for continued misreporting of mortgage arrearsWednesday 28th July 2010
The FSA has fined the former finance director of Northern Rock, David Jones, £320,000 for publishing false mortgage arrears figures in the bank’s 2006 annual accounts....
Divorce on the rise again as debt-ridden couples save up for splitWednesday 28th July 2010
Often the most unlikely signs can point towards the end of a recession, with divorce being touted as the new mark of economic prosperity.
That’s right,...
DebtSlave
Diary of a Debt Slave
I am twenty-eight years old. A university graduate. A regular, bright and fairly streetwise individual, who knows about the ways of the world and understands the relevance of the FTSE index... Read more
I am twenty-eight years old. A university graduate. A regular, bright and fairly streetwise individual, who knows about the ways of the world and understands the relevance of the FTSE index... Read more
In TheSpotlight
In The Spotlight
A true success story that has emerged from the recent 2010 Debt Management Today Awards is surely that of new EuroDebt franchisee, Jenni Slader.Read more
A true success story that has emerged from the recent 2010 Debt Management Today Awards is surely that of new EuroDebt franchisee, Jenni Slader.Read more
