The news story of the week has to be the Treasury's announcement of the breathing space to start in 2021. But Panorama's Easy money, tough debt? should be watched by anyone with an interest in personal debt in Britain. And if the Mail's as yet unconfirmed scoop that the Money Shop goes under is correct, that will be another lot of payday loan victims who do not get full … [Read more...]

My pick of last week's news is the Supreme Court judgment in Samuels v Birmingham City Council but if you want an interesting read you may not have seen, look at Consumers Are Becoming Wise to Your Nudge. On a personal note, I was very proud to be elected as a Trustee of the Institute of Money Advisers this week. Tweet of the week @KarlTurnerMP asked @MelJStride if he could have a … [Read more...]

My pick of last week's news is the FCA's final rules on overdrafts. Tweet of the week Day made by getting a bailiff company to repay almost £700 to a constituent who was intimidated into finding money she had no liability for. But the behaviour of the bailiff in question was so, so wrong. And how many more such cases are there? — Karen Buck (@KarenPBuckMP) June 5, 2019 Debt … [Read more...]

My pick of last week's news is 'Don't ignore' credit card warning letters. Tweet of the week But will science ever find an answer to Anne Widdecombe? https://t.co/p19Lsx1bJd — Stephen Fry (@stephenfry) June 2, 2019 Debt news 'Don't ignore' credit card warning letters BBC: Rules set by the City regulator mean that many people will now be receiving a second reminder suggesting … [Read more...]

My pick of last week's news is Set curfew for online money lending, say academics. Tweet of the week 26 MPs signed this letter to @tescobankhelp "Your customers put their trust in Tesco. We hope that you will repay that trust by committing to only sell their mortgage to a fully regulated active lender which will offer them new deals and fixed rates." pic.twitter.com/119YS9KxNx — … [Read more...]

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...]