Debt charities call on Ofgem to “ramp up” protection for people with energy debt
The UK’s three largest debt charities have called on the energy regulator Ofgem to urgently increase protections for people with energy arrears, as rising costs continue to impact households. Citizens Advice, the Money Advice Trust and StepChange Debt Charity are warning that with a further substantial rise in the energy price cap coming in October, […]
Read MoreStepChange reports positive client outcomes during first year of Breathing Space
People who accessed Breathing Space through StepChange in its first year of operation were more likely to complete advice, enter a debt solution, and achieve more positive wellbeing outcomes than other clients, says a new evaluation. Clients taking advantage of Breathing Space in its first year have experienced markedly improved outcomes compared to those who […]
Read MoreMoney Advice Liaison Group (MALG) celebrates 35th anniversary with launch of Ambassador programme
Money Advice Liaison Group (MALG), the not-for-profit membership organisation with the aim of ‘working together to improve the lives of people in debt’, celebrated its 35th anniversary at a National Members Meeting in London on 14 July 2022 with the launch of a new Ambassador programme. MALG CEO Bob Winnington took attendees through MALG’s history […]
Read MoreRegistry Trust calls for stakeholders to back new Register of Partial Settlements
Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines, is calling on stakeholders from across the credit and debt landscape to support its project to create a Register of Partial Settlements. Registry Trust’s monetary judgments data is used for public good in millions of credit and lending decisions every year […]
Read MoreConsumers struggling with rising prices urged to seek help
New research suggests many borrowers are missing out on available support. New research reveals that some people who are struggling financially are not seeking support because they are embarrassed. 42% of borrowers who were struggling and ignored their lenders’ attempt to contact them had done so because they felt ashamed. Two out of five people […]
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