My pick of last week’s news is the New Fintech Tool to assist consumers in debt. Anyone interested in debt advice should read it.
Tweet of the week
— MichaelAD (@micagbdav) June 8, 2018
Civil Justice statistics quarterly: January to March 2018 MoJ: CCJs in Q1 up to 353,000. Default judgments increased by 3% to 90%. See the Tweet above for HCEO statistics – the numbers have fallen in London and risen hugely outside. Anyone any ideas?
Guarantor loans provider Amigo targets London float City AM: Amigo, which was founded in 2005, has grown its loan book from £143m per annum to £470m per annum over the last four financial years.
BrightHouse: Longer timeframe needed for rent-to-own price cap Credit Strategy. As you might expect.
Should peer to peer lenders exist in theory? Bank Underground blog: P2P lenders face a difficult future and they may need to become more like traditional banks in order to survive. Either way, that makes them much less disruptive than they first appear.
Britain faces debt ‘timebomb’ as families struggle with care home costs for elderly relatives Mirror: More than 1,100 people have been taken to court by local authorities for social care debt during the last two years.
New fintech tool to assist consumers in debt launches in Glasgow Insider.co.uk ‘The Big View’ is backed by Castlight Financial, Big Issue Invest and Advice Direct Scotland.
Police ‘fail to act’ as tenants are illegally thrown out Guardian: Officers wrongly treat threats and violence by landlords as a civil matter, charity says
- Universal Credit Full Service Survey DWP. Important sections on the difficulty of keeping up with bills whilst on UC.
- Almost HALF of Universal Credit claimants struggle to pay bills according to DWP’s own survey Mirror
- Series of UC changes just announced and completion of rollout extended to March 2023 Rightsnet
- Over 1.5 million people were destitute in the UK in 2017 JRF
- Nearly 4 million UK adults forced to use food banks, figures reveal Independent
The town that refused to let austerity kill its buses Guardian: The devastation of bus services is a silent legacy of recent Tory governments. But in Witney – David Cameron’s back yard – a not-for-profit service run by locals is providing a lifeline.
FCA: Claims management companies to highlight free alternatives Professional Adviser. A good summary of the issues but the words horse and stable door come to mind.