The FCA has worked with almost 100 lenders on how they treat borrowers in financial difficulty and has sought significant improvements from many of them. Issues identified included not adequately tailoring support to individual circumstances, […]
Latest stats on Covid19 related fraud; Over 450 directors have been disqualified by the Insolvency Service in 2022-23 for abusing the COVID-19 financial support scheme, as the agency continues to clamp down on pandemic fraudsters. […]
Just one of the many dubious charities in the UK. Is it time for all charities (with turnover above 50K) to be run as limited companies with directors vetted before being appointed, also held personally […]
Income and life insurance can help you avoid making out-of-pocket payments to support your business operations. They’ll take up financial responsibilities, such as paying bills and settling payroll, in case of unforeseen events. They provide […]
Latest from the Insolvency Service and very rare to see actual jail time being dished out; Kulwinder Singh Sidhu, 58, from Stanwell, has been sentenced to 12 months imprisonment, after pleading guilty to offences under […]
Your credit score is a three-digit number that can have a significant impact on your financial life. Lenders, landlords, and even potential employers use your credit score to evaluate your creditworthiness and assess the risk […]
Personal guarantee insurance (PGI), a product used by small business owners to protect against the risk of a personal guarantee being called in for a business loan, saw a steep rise in popularity in 2022 […]
That Bounceback Loan fraud thing is still going on, as the Insolvency Service crunches the data trail and identifies the fraudsters. Here’s the latest case; David Okot from Deptford, South-East London, received an 11-year disqualification, […]
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