Recent News Articles
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 AYOM looks into what it takes to effectively recover a debt without using these out of date methods.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
Is a budget surplus a problem for household debt?
Does a budget surplus achieved this month have a positive or negative effect on household debt and the average family?
Thursday, 23rd August 2018
Mental health at work report. Is mental health becoming "less taboo"
The British Chamber of commerce suggests mental health at work is becoming less taboo as employers are beginning to offer more support. Are You Owed Money Ltd takes a look at the trends and our own practices in relation to mental health at work.
Friday, 10th August 2018
Bristol Council to adopt new debt collection strategies - Are You Owed Money Blog
AYOM's latest news blog looks into Bristol council deciding against traditional council debt collection strategies of calling bailiffs and court action early over mediation and early intervention.
Wednesday, 8th August 2018
Are councils being too aggressive by not outsourcing to a debt collection agency?
A debt collection agency will mediate and ensure both sides are able to find the best resolution rather than seek immediate aggressive actions. A recent report by MPs suggest many local authorities are instead selecting to chase debtors harshly from the beginning. Could they benefit from the experts?
Tuesday, 31st July 2018