Peoples homes are being put at risk over debts as low as £600 according to the Office of Fair Trading (OFT). The OFT has found that some lenders have been telling their customers to pledge their homes against non-mortgage debt before using charging orders to recoup the money. Charging orders are a legal way for [...]
Archive for November, 2010
Personal Bankruptcy Rates Falling
Posted November 9th, 2010 by admin | No CommentsLatest figures have shown a reduction in the number of people filing for personal bankruptcy in the UK. The Insolvency Service figures show that there were just under 34,000 personal insolvencies in the months July through to September. This is a 3.9% drop when compared with the same period of 2009. However despite the reduction [...]