A lot of articles this week on payment breaks ending at the end of the month.
Tweet of the week
i don’t know how anyone can watch this video and still not want free school meals for children who are literally STARVING ???? pic.twitter.com/GK6gvEUEyE
— georgia🪐 (@georgixlouisex) October 21, 2020
Payment breaks ending:
- DEADLINE DAY Five massive financial changes happening on October 31 including end of furlough Sun
- Repossessions loom as mortgage holidays expire Times (paywall): The Centre for Policy Studies is urging the government to act now to make the Support for Mortgage Interest scheme fit for purpose to ensure hardworking families don’t lose their homes alongside their jobs.
- Payment holidays: ‘I can’t afford to be out of work’ BBC: With 85% of UK adults having at least one loan of some type, payment holidays have been a key protection for people whose finances have been hit hard by the coronavirus crisis.
- New restrictions, missing protections Citizens Advice: Particularly concerning is the lack of support for people behind on their rent and council tax bills.
- The 323,000 borrowers who are still on mortgage and credit card holidays urged to contact lenders as the payment freeze ends in nine days Mail: Hundreds of thousands of people still on breaks from their mortgages and unsecured debts face a potential ‘lender lottery’ from next month as blanket protections are removed.
Lord Chancellor writes to High Court Enforcement Officers Association RightsNet: “not to enter residential properties in areas that are classified as Local Alert Level 2 (high) or 3 (very high), for the purposes of enforcement, including taking control of goods and carrying out evictions.”
Covid Payment Plan (CVPP) StepChange: My view – it’s pretty much a 12 month DMP but I hope the branding may be helpful in encouraging people to come forward and get help.
‘I owe £180,000 in tax and I haven’t told my wife’ BBC: a loan charge case.
Oxford Brookes students chased by debt collectors Oxford Mail: “They are threatening me with court dates and legal recovery dates. It’s a daunting situation and a scary situation; as much as I am an adult now, I have never had to deal with this before.”
Permira-backed debt collector Lowell pays up in £1.6bn junk bond sale FT (paywall): Lowell expects its ability to collect defaulted loans to bounce back, but its London-listed competitor Arrow Global wrote down the value of its estimated remaining collections in August
Benefits & other news
Councils back Marcus Rashford and defy cruel Tories to feed kids during half term Mirror: 27 councils have said no to the starve term, defying callous Boris Johnson and his heartless Tory Government and backing hero footy star Marcus Rashford in his bid to feed hungry children.
Thousands of people refused universal credit ‘turning to food banks’ Guardian: Research finds one in six turned down for means-tested benefit struggle to afford food.
Why The UK’s Migrant Key Workers Are Facing Extreme Poverty And Abuse In The Pandemic Politics House Approximately 1.4 million migrants in the UK have no access to state funds – including hundreds of thousands of key workers in the healthcare and hospitality sectors.
Gambling firms may be booted off football shirts Times (paywall): A review of gambling advertisements and sports sponsorship deals is expected to be at the heart of the biggest shake-up of Britain’s gambling laws in 15 years.
Coronavirus: People told to self-isolate stopped from claiming £500 grant by flaw in contact tracing app Sky News: A button to allow those to claim the cash was never added to the app.
Poorer UK households to get help with higher winter fuel bills Guardian: Rules from regulator Ofgem will require suppliers to offer easier debt terms or emergency credit