View more on these topics

Debt resolution firms form industry body

THE debt resolution industry has come together to form the Debt Resolution Forum as a means to self-regulate the industry.

Debt resolution firms deal with bankruptcies, insolvencies and individual voluntary arrangements.

The Insolvency Service’s most recent report shows the number of people applying for IVAs has more than doubled in the past year.

Andrew Smith, marketing director of ClearDebt and spokesman for the DRF, says: “Thanks to careless lending from high street banks in the past seven years, the amount of IVAs issued will rise soon. We will see a ripple effect, with the possibility of up to 80,000 IVA cases next year.”

“We have to show that we are strictly regulated. This will answer a lot of questions we are asked.”

Recommended

Wisdom of age and energy of youth is the best combination

From Paul Rumbold Laws concerning age discrimination came into effect this October and businesses must now look closely at their policies to ensure they are not ageist. This latest ‘ist’ follows legislation on race and sex discrimination. It was deemed necessary because of extreme and unfair practices in the workplace – and is right up […]

Specialists widen the funding options

New funding techniques have been central to the boom in mortgage lending over the past 10 years. While they generally do not impact directly on the daily lives of intermediaries, it is important that we all have a basic awareness of the pro-cesses involved.

October housing market buoyant says NAEA

The overall national picture for the property market in October showed a buoyant market place in advance of interest rate rises, reveals the National Association of Estate Agents. However, it warns the national story is being led by the South East, whilst other regions are reporting a slow down in activity. The vast regional differences […]

This brainwave could lead to self-harm

Rumour has it that there’s been a big falling out within the Abbey’s marketing team. It seems that one faction wanted to call its new mortgage offering the ‘Victor Meldrew’ range while another felt the ‘Andy Millman’ mortgage’ more appropriate.

Newsletter

News and expert analysis straight to your inbox

Sign up