New measures to help vulnerable people in problem debt

The government legislate increases to the number of people eligible for Debt Relief orders (DROs). DROs apply to England and Wales only (personal insolvency is devolved to Scotland and Northern Ireland.) New monetary eligibility limits for those eligible for Debt Relief Orders came into effect Tuesday 29th June 2021. More people will be able to … Continue reading New measures to help vulnerable people in problem debt

Problem debt breathing space launched

Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme that launched today 4th May 2021. around 700,000 people struggling with problem debt to benefit from Breathing Space this yearscheme will give those facing financial difficulties 60 days to get finances back on track – without debts … Continue reading Problem debt breathing space launched

Low paid more likely to be impacted by pandemic claims TUC

New polling, published Monday 1st February by the TUC, finds that low earners are more likely than middle and higher earners to have been forced to cut spending and take on debt during the pandemic. The poll findings (conducted by BritainThinks) come as the TUC calls on the Chancellor to improve pandemic support for low- … Continue reading Low paid more likely to be impacted by pandemic claims TUC

Struggling to pay essential bills because of coronavirus?

Government advice for those in difficulty with utility bills, or repayment commitments on credit cards, loans and mortgages, as a result of coronavirus (COVID-19). For those worried about paying utility bills or repaying credit cards, loans or mortgages due to the impact of coronavirus, the government guidance sets out the steps you can take to … Continue reading Struggling to pay essential bills because of coronavirus?