AYOM News

Recent News Articles

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 stops online orders due to business debt issues

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 (pay day loans) hit by 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

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

Over-aggressive councils not outsourcing to debt collection agencies

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

Debt Recovery Automation - Paypal causes distress to grieving spouse

PayPal Automated Debt Recovery failure causes distress. Widower receives letters demanding payment following his wife's death from cancer.

Monday, 16th July 2018

Credit check service failure after £500m Capita contract?

Is the government wrong granting a contract to a highest risk vendor? Has there been a credit check service failure by granting a £500m contract to Capita?

Thursday, 5th July 2018

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Articles exploring areas relating to debt collection and business finance.