In a 4 day week, the introduction of the Breathing Space dominated the news. Debt news Breathing Space: People in problem debt get 60-day break scheme BBC: The Treasury has estimated that up to 700,000 people could be helped by the scheme in its first year. Britons struggling with debt can now push the pause button for 60 days as charities give new Government respite scheme … [Read more...]
Recent Weekly News Round-ups
Every Sunday I publish my selection from the last week's news about debt, debt advice, debt regulation and policy issues.
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A huge amount of important news this week, including bad news for mortgage prisoners and leaseholders affected by cladding problems. Tweet of the week Are you working under a MaPS contract? We need your help to design a survey for colleagues to gather evidence of the problems being caused. We know how busy you are, but if you can spare some time to help us with this, please drop us an … [Read more...]
My pick of last week's news is the StepChange redundancies announced in Exceptional times, exceptional measures, and the future. But Convicted Post Office workers have names cleared is a welcome bit of good news. Debt news Exceptional times, exceptional measures, and the future StepChange: StepChange announces 140-170 redundancies, 10% of its workforce, as its "Fair Share" income has … [Read more...]
Interesting statistics this week - the Monthly Insolvency Statistics and StepChange's Personal debt statistics in 2020. Debt news Commentary - Monthly Insolvency Statistics March 2021 gov.uk Once again IVA numbers are up on a year ago and DRO and bankruptcy are well down. A snapshot of UK personal debt statistics in 2020 StepChange year book: 44% of new clients in 2020 were single with no … [Read more...]
A short week and a quiet one on the debt news front. Debt news Do claims companies get good results at the Ombudsman? my article, with new statistics from FOS. ASA Ruling on TFLI Ltd Advertising Standards Authority: Wise Old Mary IVA lead generator ads found to be misleading for many reasons including exaggerating the amount of debt that could be written off and not making it clear that … [Read more...]
The item that isn't in this week's debt news - no announcement yet from the Insolvency Service about changes to DRO limits. Tweet of the week In a world of Wetherspoons, be a Timpsons. (Congrats Jack) https://t.co/HUL2Xrwt43 — Mitten d'Amour (@MittenDAmour) April 1, 2021 Debt news MILLIONS of drivers whose cars were towed away since 1991 could claim back fines because laws … [Read more...]
For debt advisers, two bits of interest from this week news - the Technical guidance for Official Receivers is back online and the statistics showing which advice agencies set up the most DROs. Debt news Debt Awareness Week: Noah's Ark Money Advice Service - video of interview of a client helped to go bankrupt 'I struggled with the bills and my health' BBC: Before the pandemic, … [Read more...]