A couple who took £7m from thousands of customers who sought help from their debt management firm but spent much of the money on lavish holidays and cars have been banned from the UK financial services industry for life by the sectors regulator. Adrian and Christine Whitehurst, nicknamed the vampires of debt, set up First…
First Step Finance was a company that promised to help. Its clients were mostly poor, who had gone to them for financial support and getting out of debt. The firm, run by Christine and Adrian Whitehurst, told customers their money would be gathered in secure pots, and used to make a final payment clearing their…
LONDON, Oct 23 (Reuters) – A husband and wife debt management duo paid for luxury hotels and cars by deceiving more than 4,000 customers who lost in excess of 6 million pounds ($8 million), Britains Financial Conduct Authority (FCA) said on Monday. The watchdog said it banned Adrian and Christine Whitehurst from any involvement in…
WITH the thought of owning your own home seeming like a distant dream to many young people, one Aussie mum has proven that paying off your mortgage doesnt have to fill you with dread. Heidi Farrelly is a preschool teacher and lives in Sydney with her 35-year-old husband Clinton and their seven-year-old daughter. They bought…
ST Lukes Anglicare has saved disadvantaged people more than $450,000 in debt waivers in Bendigo, Echuca, Mildura and Wangaratta in the last 10 months but they fear they are only just scratching the surface. The organisations financial counselling service has seen a drastic increase in the number of people facing financial stress due to interest on…
DEBT-LADEN Mackay Sugar has put the sale of its profitable cogeneration plant on hold and will instead look for investors to help pay down its $200million debt. After reviewing six offers to buy the $120million plant the grower-owned company found that the potential buyers were interested in the whole company. The sale of the cogen…
DEBT-LADEN Mackay Sugar has turned its back on the sale of its profitable cogeneration plant and instead will look for investors to help pay down its $200million debt. After reviewing offers to buy the $120million plant the grower-owned company has announced it has decided to put the sale on hold and look elsewhere. The sale…
Theresa May is under pressure to fulfil her pledge to give people struggling with debts breathing space from the bailiffs as figures show that half the British population are financially vulnerable. A cross-party group of peers, including a former Tory minister, is planning to bounce the prime minister into handing those in difficulty a grace…
UAE helping hands: Veteran UAE expat left homeless and in debt after job loss – The National x Abu Dhabi, UAESaturday 21 October 2017 Read the full article at: https://www.thenational.ae/uae/uae-helping-hands-veteran-uae-expat-left-homeless-and-in-debt-after-job-loss-1.669110
Cabot Credit Management is seeking to list on the London stock market at an expected valuation of about £1bn, with the debt management group hoping to benefit from the rise in consumer credit. The UK company, which collects debts after buying defaulted or distressed loans from banks, on Friday said it would seek to raise…