My pick of last week's news is Gen Z is paying the price for quick and cheap debt. Tweet of the week “We just want as many people to know about it so we can bring about a change" the team behind Killed by My Debt give an emotional acceptance speech as they collect the BAFTA for Single Drama 😢🙌@bbcthree #BAFTATV pic.twitter.com/JhIT4y2eeQ — BAFTA (@BAFTA) May 12, 2019 Debt … [Read more...]

It's in America and it's unlikely to become law, but my pick of the week's news is Sanders, Ocasio-Cortez want to cap credit card interest rates at 15 percent. Tweet of the week As #MentalHealthAwarenessWeek begins (13 May) it’s important to remember nearly half of all people in debt said they also faced a mental health problem. A strong correlation. It’s key information for when we, … [Read more...]

My pick of last week's news is the IMA's report on salaries in the sector. Tweet of the week THREAD: Last week the DWP said ‘advance payments’ solve the problem of waiting 5-wks for #UniversalCredit. This isn’t true. They provide a sticking plaster until a first payment comes in, but aren’t a proper solution for people waiting 5+ weeks because they need to be repaid 1/3 … [Read more...]

My picks of last week's news are the Citizens Advice report on Council Tax debt collection and my article on Why guarantors need extra protection. Tweet of the week Turns out that fining people because they’ve got no money doesn’t actually encourage them to have more money. https://t.co/FxJEtFnwQn — Ash Sarkar (@AyoCaesar) April 22, 2019 Debt news Cross-border credit reporting is at … [Read more...]

My pick of last week's news is the article on "Buy Now Pay Later" deals - a growing problem. Tweet of the week 1.Just back from ESA appeal hearing for victim of horrific acid attack with 50% burns all over her face and body, is in constant pain and 'burning sensation', cannot move, sit or stand for long without pain and of course, there is the trauma. DWP awarded 0 points & fit for … [Read more...]

My pick of last week's news is one you may not have read: Why do we believe Americans spend too much money on coffee and avocado toast?  Tweets of the week Let’s hope this is the end of commercial advertising on postnatal wards - Time to wave bye bye to Bounty and all marketing to pregnant women and new mothers .@babyfriendly @MidwivesRCM BBC News - Bounty pregnancy club fined £400,000 … [Read more...]

My pick of last week's news is the BBC article Payday lender's collapse to hit borrowers. This is about a payday lender many people will not have heard of... yet 330,000 people may have been given unaffordable loans, out of a total customer base of 650,000. Tweet of the week 1st Debt Relief Order application submitted 10 years ago today - a significant landmark for @insolvencygovuk … [Read more...]

My pick of last week's news are the two articles on debt and mental health. For economists, the New Statesman article on the UK has never been less prepared for recession is interesting. Graph of the week Thread on household net borrowing UK households were 'net borrowers' for an 'unprecedented' ninth quarter in a row in Q4 2018, according to @ONS data released this morning... … [Read more...]

My pick of last week's news is  CAP report Stacked Against. Tweet of the week We are officially a year old! In the next couple of months we have details to share/announce as we get ready to #EndHighCostCredit through a new fund, Fair Credit mark, staff team focussed on policy and movement building and new collaborations to extend our impact. pic.twitter.com/v4fk862nk1 — End High Cost … [Read more...]

My pick of last week's news is the FCA's review of the debt management sector. Every debt adviser should read it. Tweet of the week The nightmare of welfare cuts and debt. My last 48 hours has been spent helping a lone parent with mental health issues in terrible debt crisis. Council tax debt and visit from enforcement agent was straw that broke the camels back. Customer hasn’t opened … [Read more...]