Recent News Articles
Business insurance claim payouts total £5m a week say statistics
Business insurance claims for unpaid invoices are totalling over £5m per week according to official stats. AYOM discusses the benefits of seeking credit control help over an insurance claim for B2B companies.
Wednesday, 27th March 2019
HMRC drops seizure of goods for automated attachment of earnings orders
Detachment of earnings orders are a mostly automated way of reclaiming tax from a person’s salary. It is non confrontational and avoids the need for bailiffs, but, could this form of debt collection be risky should there be miscalculations or mistakes?
Wednesday, 20th February 2019
Citizens Advice release statement after ombudsman bailiff findings highlight poor tactics
Bailiffs have been found to be using too many intimidation tactics against debtors according to a financial ombudsman report last year. Citizens' Advice has spoken out about possible further regulation.
Tuesday, 19th February 2019
Unpaid wages cause Liverpool worker potential legal issues
A Liverpool construction worker, working on a new Travelodge in the city has been stretched to breaking point, smashing up the reception area with a digger following £600 of unpaid wages.
Wednesday, 23rd January 2019
Bailiffs under scrutiny following reports highlighting poor practices
Bailiffs have come under fire from debt charity stepchange after reports have suggested a number of bailiffs are using intimidation tactics and not dealing with debtors correctly. AYOM looks into what it takes to effectively recover a debt without using these out of date methods.
Wednesday, 28th November 2018
Late payments and lack of assistance are sending self employed business owners into debt
A combination of late payments from debtors and lack of knowledge of business skills and support available is sending self employed and small business owners into an average of £10,000 of debt according to a study.
Thursday, 8th November 2018
Universal Credit continues to spark consumer debt fears
Universal credit issues in multiple local authorities has sparked new consumer debt fears as yet more late payments (this time in Colchester) sees many turn to citizens advice.
Friday, 12th October 2018
MoJ Funding for historic debt collection runs out - AYOM
The MoJ has run out of funding for updating the system dealing with historic debt collection including parking fines, speeding tickets and other local authority debts. The department has instead decided to use resources elsewhere.
Thursday, 27th September 2018
House of Fraser stopping online orders amid business debt collection rows
House of Fraser are at loggerheads with warehouse operators as they have started business debt collection strategies towards the high street giant. The store has stopped online orders while the situation is resolved.
Thursday, 6th September 2018
Wonga to stop new payday loans amid financial problems and loss of customers
Wonga is to offer no new payday loans as the company suffers reduced customer number and profits following FCA rulings. Is the payday loans market on the verge of collapse following numerous consumer complaints.
Wednesday, 5th September 2018