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"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

Debt Collection News Roundup – October, 2017

Here at Access Credit Management we like to make sure we bring our readers interesting and relevant news about our industry so once a month we’ll be publishing a 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. 

 

A “Breathing Space” for Debtors

Debt in the UK seems to be an ever increasing problem with the recent news that two parliamentary committees have urged the UK government to launch an independent inquiry into the £200 billion worth of debt collectively facing British households.  The current level of debt has come about on credit cards, personal loans and car deals and debt is now at the same level as it was before the 2008 financial crisis hit.  Moreover, there have been warnings lately from the Bank of England that interest rates are likely to rise as a result of rising inflation coupled with the burgeoning skills shorta

The Biggest Debt on the Planet - $217,000,000,000,000

Don’t worry, that’s not the debt owned by a single person, not even by a single business – it’s the collective debt of everybody on the planet!  According to the Institute of International Finance, global debt has reached a record high of $217 trillion – a massive 327% of the world’s annual economic output.  While most individuals and business owners can find it difficult enough to get their heads around their own personal or business debt, understanding global debt presents even more of a challenge – after all, the number are mind-boggling.  Then there’s the question of “who is global debt

Hiring and Accountant for SME Owners – Ask the Right Questions

There comes a point in any small business when it’s time to think about hiring an accountant.  While you may have bootstrapped your business this far, keeping start-up costs down and running your business with as little expenditure at first, at some point you’re likely to reach a stage when you need help, even if you’re a sole trader.  After all, not only do you have a business to run and customers/clients to take care of, you also need to do all the administrative tasks that come with running your own business.  One of the most daunting tasks faced by most small business owners is bookkeep

It’s Time to Talk About it – Debt Induced Migration

Here at Access Credit Management, we keep a close eye on industry news and developments so that we can make sure we inform our readers of the issues that impact their finances.  While this is not likely to affect any of our readers in a direct way, it’s an issue that affects the whole of society in wider terms.  It seems that people in some developing nations who are struggling with overwhelming debts are taking some pretty extreme measures to pull themselves and their families out of the downward financial spiral that they face.

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