Monthly Debt News examines debts and their causes in Britain from a variety of sources selected for professionals to make the debt sector transparent.   This month’s Debt News looks at how the debt collection sector embraces modern technology to recover debts,   poor practice in the Individual Voluntary Arrangement (IVA) sector according to the Insolvency Service, His Majesty’s Revenue and Customs (HMRC) unfairly penalises low-income individuals for alleged no tax returns, this quarter of the year is the highest quarter for recovery of fuel debts according to the regulator Office of Gas and Electricity Market (Ofgem), one in three retirees in debt,   and a single mother explains that universal credit is not enough to survive.   Finally,   you can find a snapshot of national data that looks at the causes of debts in the UK and listen to the most recent episodes of Debt Talk podcasts.  ——————— Embracing the Future: Debt Collection Trends in the UK 2025 In 202...

Monthly Debt News looks at debts and the causes of debts in Britain from diverse sources to simplify the debt sector for a broad audience.    ——————— This month’s Debt News includes a  5 % energy price cap increase, Ofgem reviews energy standing charge, EDF issues debt warning, billions of welfare cuts planned and charities condemn the cuts, a rise in council tax in struggling boroughs, a pensioner had sleepless nights for recieving demands to pay £12,  gender gap and debt crisis.  And finally, bitesize stats to get an overview of the causes of debts in Britain.    ——————— Debt News  ——————— Ofgem announces 5% energy price cap increase Energy regulator Ofgem has announced that the energy price cap will increase by 5% on the previous quarter from 1st January to 31st March 2024. The cost for an average household paying by direct debit for dual fuel equates to £1,928, a rise of £94 for a year – around £7.83 a month. The price cap, updated every ...

(July 2023) Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes: Debt collectors illicitly obtained French citizens data -  Ofgem brings measures for debt recovery - UK household pay down  mortgage and use savings - FCA introduced mortgage breathing space - UK Govt renationalising Thames Water.  Finally, bite-size stats on student loans, universal credit fraud, financial exclusion and renters in poverty. ---------------- Debt collector of UK fines ‘illicitly’ got data of drivers in France That is the claim of 102 plaintiffs who have filed a complaint over fines relating to low-emission zones in London  More here:  link   ---------------- Ofgem proposes £13 allowance in PPM price cap for energy suppliers The measure is part of Ofgem’s new plan to protect PPM customers and help energy suppliers recover bad debts. Energy regulato...