Three picks this week that looking at different aspects of what needs to happen to help people in/after the pandemic:
The clock is ticking: government must act now to protect renters
Coronavirus & the reform of Personal Insolvency in England
Extraordinary Times Need Extraordinary Measures.
Tweet of the week
1) @jackiebmsp amendments to Bankruptcy Application fees in Scotland have been passed.
These will mean application fees can be waived for Minimum Asset and Full Administration Procedure Bankruptcies.
This will be possible if you are in receipt of one of the following benefits pic.twitter.com/8vUROBjHLQ
— Scottish Adviser (@mcin321) May 20, 2020
Time for the same to happen in the rest of the UK!
- Mortgages and coronavirus: updated draft guidance for firms FCA
- Mortgage payment holiday extended for further three months BBC.
- Our Home Support Package Nationwide: how to do communications well in a time of uncertainty and fear.
But what about renters?
- The clock is ticking: government must act now to protect renters Shelter: great analysis of what needs doing.
- Extended mortgage help ‘must be followed by support for renters’ Money Advice Trust
Coronavirus & the reform of Personal Insolvency in England my article on the changes needed to bankruptcy, DROs and IVAs.
Extraordinary Times Need Extraordinary Measures Financial Inclusion Centre: the same big crises we faced before the emergency – lack of decent, affordable housing, pensions underprovision, funding social care, financial vulnerability and financial exclusion, low levels of savings and so on – will still be there when we come through the other side.
Britons spurned by banks caught in a coronavirus credit crunch Yahoo: Like many of the lenders that thousands of higher-risk borrowers in Britain depend on, Amigo had tightened its criteria for handing out cash in the wake of the coronavirus.
WageDay Advance: Tiny payout for borrowers mis-sold payday loans BBC: people to receive under 6% from the administrators.
Arrow Global posts profit fall as debt sale market slows Credit Strategy: In a UK market where some banks are pausing portfolio sales, Arrow described its cash deployment as “conservative”. New portfolio purchases were £28.1m compared to £56.4m in Q1 2019.
Benefits & other news
Low-income households denied coronavirus support by benefit cap Guardian: Upper limit on benefits remains static, and research shows thousands of families are losing out on £185 a month.
UK gambling addiction much worse than thought, says survey Guardian: Research also warns that half of those with a problem are not getting the help they need.
Doordash and Pizza Arbitrage a blog; There is such a thing as a free lunch. Not debt related – just for fun.