This week, an amendment to the Financial Services Bill (2019-21) will be put to the House of Lords, aiming to ensure a ‘fair debt write-down’ of debts sold on the secondary debt market. This is a positive move towards a debt system which is more just and fair. But what does it actually mean? Let’sContinue reading “Amendment to the Financial Services Bill (2019-21)”
In the upcoming budget, the Chancellor will set out a the UK’s financial path. This will be an opportunity to offer support for those hit hardest by the pandemic, including businesses, workers and families. In the budget, the Chancellor has the opportunity to do this by taking on the burden of families weighed down byContinue reading “How could the government support families weighed down by debt on 3rd March?”
Resolution Foundation reports that over 1/3 of Universal Credit claimants have seen debts mount during lockdown
A report published by the thinktank Resolution Foundation earlier this week suggests some concerning figures on the UK’s household debt crisis. The report suggests that more than three in ten people who began claiming Universal Credit during the pandemic have either acquired new debts or seen their existing debts grow in the past year. ThisContinue reading “Resolution Foundation reports that over 1/3 of Universal Credit claimants have seen debts mount during lockdown”
This week, it was reported that County Court Judgements (CCJs) have risen dramatically – which leaves many vulnerable people at risk of being chased for debts. This all comes as the UK Government prepares to lift several of the protections put in place on people struggling with debt, including a ban on repossessions. A CCJContinue reading “County Court Judgements released revealing a large and unexpected rise”
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