My pick of last week's news is Single dad with just £4.61 took own life after waiting weeks for Universal Credit. This isn't just a benefits story, it also illustrates the failure of the regulatory system that allowed unaffordable high cost credit to be given. And it is a failure of debt advice provision that could have got this poor man the support he needed. Debt Advisers know how to reach … [Read more...]

Three picks this week: the call for evidence on IP regulation,  the campaigning report: Regulating the credit card market - why we need a cap on costs, and my article on Amigo loans – more refunds being paid (it's nice to have some good news!). Tweet of the week INSOLVENCY SERVICE: *picks up cat* *places cat adjacent to flock of pigeons* *backs away … [Read more...]

My pick of last week's news is The car industry needs to be more honest when selling car finance. Tweet of the week Nobody loves a traffic warden ... apart from this guy who ticketed Tommy Robinson's campaign bus outside the Old Bailey and laughed off all the abuse from Yaxley-Lennon's band of thugs.pic.twitter.com/Zl75zKN2aG — Another Angry Voice (@Angry_Voice) July 5, … [Read more...]

My pick of last week's news is Can't Pay? We'll Take it Away! bailiff entered house unlawfully. Tweet of the week Child poverty and hunger thread 1. In the mid 70s my mum and dad were separated, I was the youngest. Mum was exhausted with life, crap at managing money and addicted to Valium/ opiate pills - I was 14 at Eastbank Academy school — Janey Godley (@JaneyGodley) June 28, … [Read more...]

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...]