In a quiet week, my two top picks are my article on UK credit records & scores and the Times article - unfortunately behind a paywall - on Hostile environment: immigration system keeps families like ours in debt. Debt news CRUEL UNIFORM Payday lenders are targeting skint parents and charging 1,333% interest on children’s school gear Sun: The loan shark-style firms’ websites feature … [Read more...]
Weekly News Round-ups
Every week on a Sunday I publish my selection from the last week's news about debt, debt advice and policy.
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The quiet announcement that CAP isn't taking on any new debt clients until 2020 has come as a shock to the sector. Tweet of the week I’ve only spent 25 years stopping thousands of Glaswegians being evicted or repossessed from their homes. Got £1.7bn back in bank charges for free. Wrote the payday loan & bedroom tax guides that were downloaded hundreds of thousands of times. Yet GCC … [Read more...]
My pick of last week's news is one you may not have read Have retirement interest-only mortgages flopped? Tweet of the week I have absolutely zero sympathy for banks. They brought it on themselves. Had they dealt with PPI when concerns were first raised about sales process, then dealt with complaints properly, then didn’t fight tooth and nail against payouts...they mightn’t be in this … [Read more...]
My pick of last week's news is the news that bailiffs made to wear body cameras - but to be effective it needs independent complaints and regulation as well. Tweet of the week End of another exhausting week in #debtadvice, not helped by heat, no air con at work, & thunderstorms causing sleepless nights! But... 2 great outcomes for clients have cheered me. This is what I go to work … [Read more...]