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Latest News
UK- MoJ consults on minimum debt to repossess
A minimum level of consumer credit debt may be set in law before an order for sale can be issued, under proposals launched today by the Ministry of Justice (MoJ).

Local Authorities have been told to crack down on defaulters
Cash strapped local authorities have been told to crack down on defaulters as figures show more than E500 million is owed in development levies, rent and rates arrears and unpaid refuse charges. They show that the country's largest local authority has arrears totalling 231m euro, including 73m euro owed by businesses in rates.

House repossession hold end in 23 days
The banks' moratorium on repossessing houses ends in 23 days but the Government "has refused" to renew it despite the fact that 6,500 households are already in mortgage arrears, according to Fine Gael Housing Spokesman, Terence Flanagan.

Ongoing development of IICM
As part of the ongoing development of IICM we are now changing our structure from 1st April 2010 and are going to recruit a dedicated Administrator reporting directly to the President.

.........More News
Highlights

CHEQUE THIS OUT:

More and more businesses are experiencing the situation where payment is made by way of a cheque drawn on the account of an individual or entity that is not the original customer. The question is often asked what are the consequences of accepting and lodging a cheque for payment that is drawn on an account that is not your customer’s account.
 
What happens is that an account is opened in the name of a sole trader or partnership and then over a period of time the debtor starts paying by cheque in the name of a limited liability company and these are subsequently cashed by the creditor in settlement of a debt on an ongoing basis. The creditor may be taking on a different credit risk to the one originally signed up.
 
Please read the full article by Hugh Ward here
 
Do you think the banks should withdraw the use of cheques completely as is their current plan?
 
[Yes]                   [No]
 
Diary
Mar 24thIICM Annual General meeting
Mar 30thCredit Focus - Spring Edition
May 20thIICM Credit Conference
Jun 30thCredit Focus - Summer Edition
Sep 24thIICM Credit Expo
Sep 30thCredit Focus – Autumn Edition
Nov 19thIICM Annual Ball & Credit Person Awards
Dec 30thCredit Focus – Winter Edition



Book your place now on this years Certificate in Credit Management Course commencing on Saturday 20th February [More Info Here]

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