My pick of last week’s news are the persistent credit card debt articles.
Tweet of the week
— Dave Johns (@davejohnscomic) February 3, 2020
Dear CEO: our approach to customers who have been in Persistent Debt for 36 months FCA: We are also concerned that firms are proposing repayments options which are not reasonable and sustainable for customers.
- Credit card firms urged to axe ruinous interest charges and fees on desperate customers drowning in debt Mail
- ‘I was £32,000 in debt, it consumed every moment’ BBC: “I was not reducing the debt, it was just going up month after month, year after year,” he said.
- What to do if your credit card lender asks you to pay off more of your debts Sun.
Breathing Space to help millions in debt gov.uk: A 60-day breathing space period will see enforcement action from creditors halted and interest frozen for people with problem debt.
- Breathing Space Impact Assessment Treasury
What we’ve learned so far about our ‘How to deal with debt’ guide Money Advice Trust: At a time when demand for our services and that of other free debt advice providers is so high, understanding how we can support people to take action themselves is more important than ever.
Buy now, debt later: how the lure of Klarna encourages young people to spend Telegraph: 30,000 people have suffered damage to their credit file because of missed Klarna payments.
BBC: TV licence fee decriminalisation consultation launches BBC: Baroness Morgan said many people thought it wrong that “you can be imprisoned for not paying the TV licence and its enforcement punishes the vulnerable”.
UK councils’ benefits pages push credit card adverts BBC: Examples of targeted adverts on benefits pages seen by the BBC included high-interest credit cards, Black Friday deals, sports cars with features for disabled people and private funeral care plans.
It’s your call… but I’d take offer to scrap £1,238 Vodafone debt Mail: Trying to get Vodafone to explain exactly what has happened has been like trying to knit spaghetti.
Benefits & other news
2020, a good year for generous work incentives? – how the government is really doing blog: Excellent and detailed. “I suspect that government actually thinks that it is giving people bigger real incentives to do more work than it is – and that might explain why it seems to think that its rich juicy carrots aren’t working well enough and has resorted to the stick.”
- DWP abuses the power they have over peoples’ Universal Credit journals Z2K: it can be difficult to identify maladministration when the DWP retrospectively correct their errors on peoples’ Universal Credit journals.
- Universal Credit: Getting to first payment NAO call for evidence: This consultation is aimed at organisations who represent or provide services to the UC claimants, and individual members of the public with experience of claiming UC.
- Government announces further delays to the Universal Credit roll-out Shelter.
At least 69 suicides linked to DWP’s handling of benefit claims Guardian: Watchdog warns true number of cases where claimants took own lives as a result of DWP actions could be far higher
Leaseholders facing ‘staggering’ bills for ex-council flats Guardian: Right-to-buy owners are up in arms after being charged £24k for a new communal heating system.