Skip to content

Debt Collection News Roundup –April, 2018

Here at Access Credit Management we keep an eye on what’s going on in our industry so that we can bring our readers interesting and relevant news in a monthly News Roundup.  This should keep you up to speed with all the important goings on within the sector so that you have a resource that keeps you fully informed of all the latest news. 

It would be interesting to know what you, the readers, think of the stories that feature here and if you have any news you’d like us to cover, why not get in touch via our Facebook page or on Twitter.

Amendments to the Financial Guidance and Claims Bill passed in the House of Commons last week are designed to ensure that people in serious debt who are in hospital or under the care of a community crisis team will not have to attend a debt advice meeting in order to be eligible for the “breathing space” respite period when it is introduced.  These amendments are the result of a sustained campaign led by the Money and Mental Health Policy Institute set up by MoneySavingExpert founder Martin Lewis.

The worrying news is that debt levels for senior citizens are rising at an alarming rate with an increase from £70 billion to £85 billion over the past two years alone.  Research reveals that 20% of pensioners struggle to pay off an average balance of £3,500 that they have needed to cover unexpected bills.  The average debt sum is 286% of the average single pensioner’s monthly income, which will be difficult to pay.  The debts are often incurred as a result of facing financial emergencies such as a hefty car or property repair bill.

The BBC is being blamed by a contractor in Leeds after his business was allegedly adversely affected when it featured in a BBC programme.  The Sheriffs are Coming was broadcast in March and featured two collection employees visiting his pharmacy with a BBC camera crew without his consent.  The collection agency attempted to recover a debt of £9,000 owed to a generic medicines wholesaler.  The pharmacist is not contesting the court judgement against him and has pledged to settle the debt within a couple of months.  However, he claims that negative publicity from the programme will put his business and his career at risk.