The Financial Conduct Authority has warned consumers to be alert to firms using pressure tactics or misleading information to steer people towards fee-charging debt solutions. The regulator said free, impartial debt advice is available to everyone, but raised concerns that some consumers may be directed towards arrangements that are unsuitable for their circumstances. It said…
Shame, feeling overwhelmed and uncertainty about where to turn are stopping some people in Northern Ireland from asking for help with problem debt, according to new Consumer Council research. Many also hold back because they believe they can sort out their money issues alone. The report, From Banking to Borrowing: Understanding Consumer Financial Experiences in…
Shame, feeling overwhelmed and uncertainty about where to turn are stopping some people in Northern Ireland from asking for help with problem debt, according to new Consumer Council research. Many also hold back because they believe they can sort out their money issues alone. The report, From Banking to Borrowing: Understanding Consumer Financial Experiences in…
The G20 Common Framework was launched in 2020 to help countries facing high levels of external debt and interest. Its purpose was simple: bring creditors together, restructure debts fairly, and help countries get back on a sustainable path. Over five years later, the system is failing to deliver timely and adequate debt relief. Countries have…
The G20 Common Framework was launched in 2020 to help countries facing high levels of external debt and interest. Its purpose was simple: bring creditors together, restructure debts fairly, and help countries get back on a sustainable path. Over five years later, the system is failing to deliver timely and adequate debt relief. Countries have…
The Nelson Mandela Bay Municipality has opened its 2026 Debt Relief Programme, providing qualifying account holders with an opportunity to settle outstanding municipal debt over a period of up to 36 months. The programme opened on 1 September 2026 and applies to municipal accounts with arrears of more than 30 days as of 30 June…
Eskom faces R358 billion in debt by 2031 because municipalities don’t pay their bills newsday.co.za Read the original article here
Companies with frozen assets in North Korea are seeking further compensation and debt write-offs to permanently wind down their businesses. Members of an inter-Korean business association hold a head-shaving ceremony outside the Blue House in central Seoul, on July 10.YONHAP South Korean companies involved in inter-Korean economic projects on Tuesday called for additional compensation and…
Sign up for Credit Connect’s news bulletins:Get the insight you need sent directly to your inbox. Create your Account: 1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button. 2. Wait for the double opt-in page to open and…
The Financial Conduct Authority (FCA) has issued a fresh warning to people in need of debt advice about the importance of seeking free, impartial and trustworthy advice. The Regulator has identified several red flags to look out for to ensure consumers are dealing with properly regulated and legitimate debt advice providers. The red flags include:…