My pick of the week’s news are the two Times articles on Amigo.
Tweet of the week
When ill & disabled people are wrongly turned down for #ESA, they can get ‘pending appeal’ payments while they wait the 6 months or more for their tribunal hearing. But under #UniversalCredit there’s no such payment. Read our blog on what this means: https://t.co/9R9s5KVvs3
— Zacchaeus 2000 Trust (@Z2K_trust) July 11, 2018
- Hypocrisy of the loan shark billionaire Mail: James Benamor is a Lib Dem supporter who paints himself as a friend of the poor but made his fortune exploiting society’s most vulnerable
- Billion-pound loan firm Amigo accused of bending rules to exploit vulnerable Times (£ paywall) Staff coached customers through checks by bending rules and suggesting spending cuts such as quitting smoking
- Hard luck, amigo: loan guarantors find that friendship carries a high price Times (£ paywall) The collections team will turn to a guarantor two weeks after the first payment is missed and loans are turned over to Amigo’s debt recovery team if a debt hasn’t been paid off in full after 63 days and there is no agreed payment plan in place. The debt recovery team is then expected to begin court action within 30 days.
PayPal told customer her death breached its rules BBC: “You are in breach of condition 15.4(c) of your agreement with PayPal Credit as we have received notice that you are deceased… this breach is not capable of remedy.”
- Universal Credit families owe more than £24million in rent as report warns families on benefit are twice as likely to be in debt Mirror: Nearly three-quarters (73%) of Universal Credit tenants are in debt, compared with less than a third (29%) of other tenants.
- Anti-poverty coalition calls for overhaul of universal credit Guardian: End Hunger UK says payment delays and errors are pushing vulnerable people into destitution, hunger and debt.
On Borrowed Time: Finance and the UK’s current account deficit IPPR: One for the economists, but the included here because of one of its recommendations: we propose an overarching reform to macroprudential policy, both to counter systemic risk and limit house price inflation through stricter controls on mortgage lending.
Forty per cent rise in warrants issued for failure to pay council tax ‘entirely foreseeable’ Scottish Legal News: Over the last three years we have seen local authority funded, money advice services cut by 45 per cent.
HALF of workers forced to borrow to make ends meet – and money now a bigger worry than health Mirror: One worker in three has less than a month’s savings set aside, while one in seven has no savings at all.
‘Threatened over an energy bill that wasn’t mine’: Co-op tried to force me to pay an incorrect three-year-old bill – even though back-billing is banned Mail: In a reply which could have come from the Mad Hatter in Alice’s Adventures In Wonderland, a spokesman said: ‘As Ms Shannon should never have been liable for the billed amount, this is not a case of back-billing.
‘A good day to bury bad news’: gov’t confirms cold call ban delay New Model Adviser: The cold-calling ban was due to come into effect by the end of June.