UK Personal Debt Index Maps Personal Debt Across The UK

Creditfix, the UK’s largest insolvency practice, compiles the UK Personal Debt Index (PDI). The quarterly report is put together following a survey of over 31,000 individuals, comparing the situation and locations of people across the UK currently receiving support to get out of debt. The number of young people (20-25 years old) receiving help and […]

U.S. Consumer Agency Unveils Plan To Toughen Regulations On Debt Collection Industry

WASHINGTON (Reuters) – The U.S. watchdog for consumer finances unveiled on Thursday a major proposal to toughen regulation of the multibillion-dollar debt collection industry, with a focus on keeping agencies from pushing people to pay debts they do not owe, informing borrowers of their rights and cutting down on calls to debtors. “Today we are […]