For my picks from last week’s news, two articles you may not have seen: CAP’s comments on DAS and Lambeth Court confusion.
Graphic of the week
— Paul Lewis (@paullewismoney) October 7, 2017
How to reply to a Letter Before Claim about a debt new Debt Camel article after the Debt Pre Action Protocol went live on 1st October.
Credit card providers profit from five million customers struggling to pay off debts, says FCA chief Independent: There is little incentive for credit card firms to tackle the problem of over-indebtedness as customers who use cards for long-term, expensive debt are profitable.
Car finance not a cause for concern ‘per se’ says regulator BBC: The UK’s chief financial regulator has downplayed concerns over households’ increased use of car loans. The Bank of England has previously warned that a rise in personal loans, including car finance products, could contribute to financial instability.
The Olympic cost of Theresa May’s tuition fees proposal BBC: It is very expensive. Not in the short term, when I’d expect it would make a pretty small impact. But definitely in the longer term.
Sky Data finds growing number of 18-34-year-olds worried about their finances Sky News research shows anxiety is higher among them than in any other age group with concerns about an interest rate rise.
Fall-out continues after Bradford Council orders Smart Parking to close controversial Saltaire car park Bradford Telegraph and Argus: Car park allegedly refusing to refund fines.
Ladbrokes under investigation over gambler’s payday loans claim Guardian: Branch staff allegedly stood by as gambling addict borrowed hundreds over phone to feed fixed-odds betting terminal.
Seriously ill woman lives by candlelight with no power or heating after her benefits were axed Liverpool Echo: “The worst thing is the constant cold”
The Shopper Stopper – an evaluation Money & Mental Health Policy Institute: the Shopper Stopper – an online tool which provided people with the ability to close online shops at times of their choosing.
Lambeth court confusion adds to homelessness risk for vulnerable clients Law Society Gazette: ‘To save their homes, clients without legal assistance – and most likely without funds – will have to travel halfway across London in situations of extreme urgency. Undoubtedly, many will fail to do so and consequently lose their homes.’
The supported housing flats that weren’t built Inside Housing (need to register, free): Most new supported housing projects have been put on ice.
Hammond urged to scrap benefit cap as 1 million face homelessness Guardian: Shelter calls on chancellor to act in next month’s budget while council leaders attack failure to fix ‘broken’ housing market.