Date: 03 February 2012
Figures released by the Insolvency Service show that the total number of personal insolvencies fell from 135,045 during 2010 to 119,850 during 2011. However, there had been a rise in the number of debt relief orders.
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Date: 03 February 2012
Far less borrowing on overdrafts, bank loans and hire-purchasing agreements has been responsible for an overall £377 million drop in personal borrowing during December 2011 according to the Bank of England.
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Date: 02 February 2012
The Finance and Leasing Association (FLA) released its updated Lending Code on 1 February 2012. The new code takes accounts of legal and regulatory changes such as the Consumer Credit Directive and Office of Fair Trading guidance on second charge lending.
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Date: 02 February 2012
National Debtline has released figures showing a significant increase in calls involving water debt.
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Date: 31 January 2012
The Financial Services Authority (FSA) has published a new set of proposed responsible lending requirements for consultation as part of its Mortgage Market Review.
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