A short week and a quiet one on the debt news front.
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 the solution they offered was likely to be an IVA which had risks and fees associated with it.
Family ‘let down’ by bank over controversial loan BBC: Eddie and Lilian Gray took out a £19,500 [shared appreciation mortgage] from Bank of Scotland in 1997 – but the cost of repaying it is now expected to be more than £200,000.
“Lower interest if your credit score improves” – a good idea? My article on a small lender, LiveLend. But it raises a lot of interesting questions for future products in this credit builder space.
Leaseholders face Covid charges costing them thousands Times (paywall): Leaseholders are expected to foot a percentage of the bill — estimated to be between £1,300 and £2,000 each — to keep builders safe while local taxpayers cover the costs for council tenants.
Motorists will benefit from shake-up of charges for private parking Glasgow Times: How can private companies justify levying charges at almost triple the rate of local authority ones?
In America: Bankruptcy Filings Are Still Super Low–Don’t Believe the Headlines Credit Slips: there is the quite prosaic possibility that people just won’t have enough money to pay the bankruptcy lawyer.
Benefits & other news
English councils handing huge extra care bills to disabled and mentally ill adults Guardian: Charities draw up list of charges they describe as ‘care tax’ resulting from national underfunding.
Lift the two-child limit to let our children thrive Times (paywall): one of the key ways to ensure babies and children thrive is to ensure families have enough money to meet their needs. And the government has a policy that completely undermines this aim: the two-child limit.
Food poverty: MPs call on government to step up help BBC: “We have a duty to ensure that access to enough nutritious food is a fundamental right for everyone in the UK, which is why, for the second time in a year, our committee urges the government to appoint a new minister specifically to address food security.”
It’s 2021, why are people having to choose between broadband and buying food? Citizens Advice: Here’s 3 reasons why, and what Ofcom and the government can do about it
On pay and wealth, damaging race inequalities prevail Guardian: LSE and Resolution Foundation findings reveal lasting ethnic disadvantage; why was this not reflected in the race report?