Tag Archive: debt

Further debt management worries for Duchess

Sarah Ferguson has sparked further rumours about the state of her debt management, after receiving a £17,000 bill from another one of her creditors.

The Duchess of York also received another threat of legal action after receiving the unpaid bill for more than £17,000 from Richard Owen, a PR consultant, for work to help the Duchess [...]

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Lenders seek to reduce debt problems

Amid signs of an economic recovery lenders are trying to reduce the chances of developing debt problems by lowering limits on cards and tightening loan criteria.
A report by the Bank of England suggests that lenders will enforce stricter limits on those they give money to and reduce limits on plastic to reduce the amount of [...]

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Credit card debt written-off in landmark court case

A judge has ruled in a landmark case that £8,000 worth of credit card debt could be written-off, after payment protection insurance (PPI) had been wrongly sold.

The claim was made by Lynne Thorius against MBNA, after she was charged thousands of pounds in PPI premiums on the Sunderland FC credit card she had applied for.
The [...]

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