Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Charity praises bank for new debt collection approach and improved customer help  AOL.co.uk Read the original article here
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HSBC UK has been awarded an “advanced” mental health accessible rating by a charity set up by Martin Lewis after
Credit card debt is at an all-time high, and families in Georgia are among those struggling the most.A recent study
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The company went into liquidation in June 2023, having paid just £133,654 of the £574,238 in VAT due between May
US ready to support Argentina with $20 billion swap line, Bessent says  Reuters Read the original article here
What Is Reaffirmation? Reaffirmation is a type of agreement a debtor makes with a lender to repay some or all
Postman who stole over 30 cards to pay gambling debt handed suspended sentence  MSN Read the original article here
Knowing what not to do is just as important as knowing what to do when it comes to paying off
Rising costs are pushing Americans deeper into credit card debt, and the latest numbers are alarming. Ekaterina Ushakova/Getty Images As
SALT LAKE CITY — If you're carrying high-interest credit card debt, using your home's equity may be a way to

Charity praises bank for new debt collection approach and improved customer help  AOL.co.uk

Read the original article here

HSBC UK has been awarded an “advanced” mental health accessible rating by a charity set up by Martin Lewis after the bank improved customer digital support and tested new approaches to debt collection.

The Money and Mental Health Policy Institute said its assessment took into account the design of HSBC UK’s products and services as well as the accessibility of digital platforms.

The advanced rating is the second of three levels that firms can achieve through the programme.

The accreditation reflects steps HSBC has taken in recent years, the charity said, including…

Read the original article here

HSBC UK has been awarded an “advanced” mental health accessible rating by a charity set up by Martin Lewis after the bank improved customer digital support and tested new approaches to debt collection.

The Money and Mental Health Policy Institute said its assessment took into account the design of HSBC UK’s products and services as well as the accessibility of digital platforms.

The advanced rating is the second of three levels that firms can achieve through the programme.

The accreditation reflects steps HSBC has taken in recent years, the charity said, including trying out different approaches to debt collection such as reducing the frequency of communications to some customers about debts. Money and Mental…

Read the original article here

Credit card debt is at an all-time high, and families in Georgia are among those struggling the most.

A recent study by WalletHub finds that Georgia residents are among those taking the longest time to pay off that debt. The Atlanta Dream is trying to change that.

The Dream’s season just wrapped up, but the team is still living up to its name, helping more than 3,500 families achieve their dream of financial freedom.

The WNBA team partnered with Cash App and ForgiveCo to eliminate $10 million in debt for families around the city.

The forgiven debts range from $500 to $80,000.

The Dream worked with ForgiveCo to identify families in some of Atlanta’s most financially burdened communities. They then acquired debt at a reduced…

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The company went into liquidation in June 2023, having paid just £133,654 of the £574,238 in VAT due between May 2022 and May 2023.

Following an investigation by the Insolvency Service, Dickson, of Lawrie Reilly Place, Edinburgh, has been disqualified from acting as a company director for four years.

His ban began on Wednesday, September 24, and prevents him from being involved in the promotion, formation, or management of any company without court permission.


Read More:


Neil North, Chief Investigator at the Insolvency Service, said: “Campbell Dickson has been the director of consecutive companies with similar names that have failed, leaving hundreds of thousands of pounds in tax owed to HMRC each time.

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US ready to support Argentina with $20 billion swap line, Bessent says  Reuters

Read the original article here

What Is Reaffirmation?

Reaffirmation is a type of agreement a debtor makes with a lender to repay some or all of a debt despite going through bankruptcy proceedings. When a person files for bankruptcy, they do so in order to be relieved of a debt burden they cannot pay.

By entering into a reaffirmation agreement, a borrower often maintains possession of an asset held as collateral, such as a home or a car, so long as they can fully repay the debt owed on that particular loan.

Key Takeaways

  • Reaffirmation is an agreement by a debtor, to a lender, to repay some or all of their debt.
  • Debtors make reaffirmation agreements purely voluntarily.
  • When a borrower reaffirms a debt, this is noted by credit reporting agencies, which…

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Postman who stole over 30 cards to pay gambling debt handed suspended sentence  MSN

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Knowing what not to do is just as important as knowing what to do when it comes to paying off debt.

Andrii Yalanskyi/Getty Images


Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and credit card debt has been rising steadily alongside other types of consumer borrowing. That means more Americans are juggling a lot of high-rate debt at a time when the average credit card interest rate

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Rising costs are pushing Americans deeper into credit card debt, and the latest numbers are alarming.

Ekaterina Ushakova/Getty Images


As economic hardships continue, warning signs are flashing red for borrowers’ finances nationwide. According to a new report from VantageScore, borrowers appear to be leaning harder than ever on their credit cards, with balances climbing month over month and year over year as persistent cost-of-living pressures squeeze budgets. This uptick in credit card usage is hardly limited to routine…

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SALT LAKE CITY — If you’re carrying high-interest credit card debt, using your home’s equity may be a way to ease the burden.

New data from the Federal Reserve Bank of New York shows credit card balances hit $1.21 trillion in the second quarter of 2025. With the average interest rate on credit cards topping 21% and some climbing as high as 28%, paying down balances can feel overwhelming.

While national current home equity rates are averaging about 8%, this could be even lower in Utah. “Is it wise to borrow against yourself? It may be one of the best options you have,” Dave Nellis with American First Credit Union said.

“We have lots of debt out there. It could be an auto loan, that could be credit card debt high interest rates. You could…

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