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Borrowers living with an ongoing debt matter often feel trapped, alone and in despair. In addition to this, many borrowers face mounting pressure from their creditors through daily threatening phone calls and letters as well as on the ongoing threat of legal action. Remember, you are NOT alone.

Please always be assured that there is always a resolution to a debt issue. Over the last few weeks, GDP Equity Experts has resolved two large and unsavoury ongoing debt matters with a Vulture Fund.

This is often overlooked by directors and they do not realise the liability they are creating.

As many as three quarters of UK directors have borrowed money from their company. Professional advice should be obtained as soon as possible.

MPs have voted against an amendment in the Financial Services Bill which would have capped interest rates for mortgage prisoners. Mortgage prisoners held in inactive closed books such as, would have benefited from a cap to Standard Variable Rates on closed book cases.

New research from StepChange Debt Charity reveals nearly a quarter of the 1.6m people who’ve accessed credit payment deferrals have subsequently missed repayments, while 50% say they have resumed repayments but with difficulty.

Now is the time to act in order to get the compensation, redress and settlement that you deserve!

It has recently been reported in the media that Ulster Bank topped the list of financial institutions taken to task by the Financial Services and Pensions Ombudsman (FSPO) last year.

The next financial institutions on the Ombudsman’s list were Permanent TSB, Bank of Ireland, Irish Life Assurance, AIB, Insurers Allianz, Aviva and FBD.

Don’t wait for the letters to arrive threatening you – act now.

26% of homeowners have missed a mortgage payment due to falling ill or having an accident, and one in seven (14%) say this has happened more than once, according to research from MetLife UK.

34% of respondents said they have had to take four weeks or more off work due to accident or illness. As a result of this, almost half (47%) said they needed financial support to help them meet their mortgage repayments.

In an update to its draft guidance, the FCA said that firms can only enforce repossessions "if they act in accordance with our guidance and regulatory requirements which mean that repossession should only take place as a last resort if all other reasonable attempts to resolve the position have failed".

Due to the ongoing covid-19 pandemic private renters are building up arrears leaving landlords without income and in many cases huge debt piles. A research carried out by National Residential Landlords Association revealed that 7% of private renters have built up rent arrears since the start of lockdown in March 2020 and the total number of households in rent arrears has doubled.