My pick of last week’s news is DWP forces carer to sell home or face jail to repay benefits.
Tweet of the week
Don’t swim with the sharks this Christmas, a small loan can lead to massive repayments in the New Year! Report illegal money lenders to @Loansharknews on 0300 555 2222 #SLSWeek18 #BrumTS @BhamCityCouncil @AgainstScams @CTSI_UK pic.twitter.com/1SslnVGvcM
— Trading Standards (@bhamts) December 4, 2018
DWP forces carer to sell home or face jail to repay benefits BBC: A carer is being forced to sell his home or face jail because he wrongly received benefits that cost the taxpayer less than £110.
The return of Crown preference R3: The move will have a significant impact on creditors and, by extension, business rescue and funding.
Banks face claims blitz over variable rate mortgage charges Sky: The potential for a new claims blitz – which some estimate could lead to an industry-wide bill totalling billions of pounds – has arisen from a number of European court rulings dealing with the extent to which consumers were informed about variations in charges.
A silent killer -Breaking the link between financial difficulty and suicide MMHPI: “Over 420,000 people in problem debt consider taking their own life in England each year, and more than 100,000 people in debt actually attempt suicide.”
- You can help us stop the #DebtThreats MMPH blog points out the language the debt collectors are legally obliged to use is intimidating and incomprehensible.
- Life in debt: ‘The council was more aggressive than the payday lenders’ Guardian: If a public authority is setting an atrocious example, how can we expect a private company to be any better?
Meet the invisibles Mail: That’s what credit agencies call the 5.8m people like Sandra – who has never been in debt but was refused a mobile contract.
TR18/5: Management of long-term mortgage arrears and forbearance FCA: Examples of harm could include forbearance arrangements which were unaffordable, with severe consequences for the overall financial situation of customers, or where the debt continues to grow.
- Thousands more households are seriously behind with their mortgage now than during the financial crisis in 2008, despite near-record low rates Mail
Shelter workers to strike next month following ‘derisory’ pay offer Unite: “It is entirely unfair that the wages of Shelter workers have been declining at the same time that the charity’s reserves have been increasing.”
How local councils profit from student debts: They join the hedge funds and banks cashing in after £3.3bn of loans are sold on the cheap by Government Mail: Councils didn’t buy the debt but their pension funds have invested in funds that did.
4 ways you might be borrowing money this Christmas – without even realising it Mirror: Lenders and retailers have become crafty when it comes to offering us credit – watch out for their clever tricks.
Barclays & Barclaycard refund thousands of customers in arrears my article updated as now it is reported that 35,000 refund letters are being sent each week.
Why sports betting adverts are dangerous and why everyone agrees they need to be curbed BBC Sport: “They all bought into the notion of it being a bit of fun and an added dimension to the game, and maybe things start like that. But it’s a deep and serious addiction, and in-game betting is one of the most dangerous forms of betting there is.”
Anyone can sell energy on the cheap, but then the lights go out Times (£ Paywall) Ali Hussain looks at the accounts of the loss-making suppliers that top best-buy tables