New research from Citizens Advice: Millions facing financial cliff edge when Coronavirus protections end
New research from Citizens Advice has revealed that over 13 million people have already been unable to pay, or expect to be unable to pay, at least one bill because of the Coronavirus outbreak. Of these, almost 11 million have missed or expect to miss a bill that would leave them vulnerable to severe consequences […]
Read MoreGovernment bans bailiff visits during Covid-19, as charities call for further action on council tax
The UK’s largest debt advice charities have welcomed emergency legislation banning bailiffs from visiting homes to enforce debts during Covid-19 restrictions – but say the Government “must go further” in helping people struggling with council tax bills as a result of the outbreak. Citizens Advice, Money Advice Trust and StepChange Debt Charity raised concerns with Ministers last […]
Read MoreCentre for Social Justice publishes ‘path forward for Government debt collection’ report
Think tank the Centre for Social Justice (CSJ) has published a new report: ‘Collecting Dust: a path forward for Government debt collection’. As the report shows, recent years have seen a remarkable rise in the number of people presenting with problematic debts owed to government authorities (rather than, say, consumer debts for credit cards or […]
Read MoreFCA confirms support for motor finance and high-cost credit customers
The FCA will be introducing the package of measures outlined last week (see here) to support consumer credit customers facing payment difficulties due to coronavirus (Covid-19). The targeted temporary measures being implemented are a three month payment freeze for motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking agreements. For high-cost short term credit (including […]
Read MoreMALG shares details of how money advisers can get hold of credit reports during Coronavirus crisis
One of the questions raised by money advisers during MALG’s most recent virtual ‘Members Friday Forum’, which was set up to help those from across a range of sectors continue ‘working together to improve the lives of people in debt’ during the Coronavirus crisis, was how advisers can get hold of client credit reports during […]
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