Debt Camel

Answers to questions about debts and credit ratings - in plain English!

  • Home
  • Coronavirus
  • Refunds ▾
    • Amigo – possible Scheme?
    • Guarantor loans
    • Doorstep loan refunds
    • Catalogues, credit cards & overdrafts
    • Refunds from large high cost loans
    • Payday loan refunds
  • Debt problems ▾
    • Priority debts
    • Sold to a debt collector
    • Old debts
    • CCJs
    • Bailiffs
  • Debt solutions ▾
    • Debt Management Plans
    • Bankruptcy
    • Debt Relief Orders
    • IVAs
    • Compare 2 solutions
  • Money ▾
    • Budgeting & Saving
    • Credit ratings
    • Mortgages
  • Latest ▾
    • All posts
    • Debt news & policy
    • A reader asks…
  • About ▾
    • About Debt Camel
    • Media
    • Contact

Debt news and policy

Debt Camel articles on what's changing and what ought to change in the world of personal debt in Britain.

If you are interested in a specific area, look at: High cost credit news & policy and Insolvency news & policy.

And for my weekly round-ups of debt and poverty news items, see Weekly News Summaries.

Wonga write-offs for 375,000 people in 2014

Wonga is offering write-offs to 375,000 of its current customers because its affordability assessments have been inadequate. This was agreed with its regulator,  the Financial Conduct Authority (FCA) and announced on 2nd October 2014. Wonga has agreed to make significant changes to its business immediately to try to prevent these problems happening in future.  Who is being compensated? The … [Read more...]

October 3, 2014 Author: Sara Williams Tagged With: High cost credit news/policy, Payday loans, Wonga

FCA warns debt management firms

FCA debt solutions

In September 2014, the Financial Conduct Authority (FCA) issued a press release warning debt management firms, payday lenders and credit brokers that: "Many firms are falling well short of our expectations and they will need to raise their game if they want to continue operating." The FCA had only become the regulator for debt management firms in April. As a result, many of these firms … [Read more...]

September 23, 2014 Author: Sara Williams Tagged With: General news & policy

Debt Camel is One – and it’s been a busy year!

On 12th September 2013, Debt Camel went live. This seems like a good time to reflect on how the first year has gone and look forward to the next year. Most read pages Apart from the Home page, the most read page was the main one explaining Bankruptcy – the big questions. I think I would have guessed that correctly if I had been asked on launch day! What I wouldn't have predicted were the next … [Read more...]

September 12, 2014 Author: Sara Williams

The secured loan clause in IVAs – a potential timebomb?

Background - secured loans and IVAs The following is a brief summary. Before 2014, most IVAs had terms which say a debtor with equity in their house must try to release some of it in the fifth year of the IVA through a remortgage; and that if this isn't possible a sixth year of IVA payments will be required. At the start of this year the IVA Standard Protocol was updated to include an … [Read more...]

August 11, 2014 Author: Sara Williams Tagged With: Insolvency news & policy, IVA

DRO consultation – what changes are needed?

In August 2014, the Insolvency Service issued a Consultation on Debt Relief Orders (DROs) and Bankruptcy petition limits.  I think there are a lot of problems with the personal insolvency regime in England and Wales (see my article last week about the recent insolvency statistics) and so this consultation provides a welcome opportunity for the Insolvency Service to get industry responses on many … [Read more...]

August 6, 2014 Author: Sara Williams Tagged With: Insolvency news & policy

  • « Previous Page
  • 1
  • …
  • 14
  • 15
  • 16

Subscribe to Debt Camel

Join the 7,000 people who receive an email when a new article is published:

Recent articles

Latest news round-up:  January 17th

  • Lessons from Amigo – FOS complaint handling needs to be faster
  • Amigo’s Scheme – who’s next? Implications for the bad credit market
  • Will an Amigo Scheme of Arrangement abandon vulnerable customers?

Help with your debts

Recommended places for debt advice

About Debt Camel

This is the personal website of Sara Williams.

More about Debt Camel.
Privacy policy
Comments Policy
Debt Camel on Twitter

 

Copyright © Debt Camel 2020