Debt news – 24 January 2021 · Debt Camel


My pick out of closing week’s news is The downside is poverty, then again we label it. On the not worthy deficient … and the not worthy wealthy.


Tweet of the week


Debt news

Debt Relief Orders: what do we know, what should we do? Wearedebtadvisers: Debt advisers can sign in for match on Feb 1st – a possibility for entrance-line debt advisers to replicate at the present Debt Relief Order scheme and make sure they can have their voices heard within the Government session.

Covid: Nine million people forced to borrow more to cope BBC: Those elderly underneath 30 and the ones with family earning of not up to £10,000 had been about 35% and 60% respectively much more likely to be furloughed than the inhabitants as a complete.

Why reform of Support for Mortgage Interest (SMI) is needed now Money Advice Trust: the FCA can best do such a lot to handle the problem of Covid-19 loan arrears. The govt must step in, urgently – beginning with a lot-wanted reform to the Support for Mortgage Interest scheme.

Mortgages:

FCA proposes CMC fee price cap FCA: My view – a cap is lengthy late however this isn’t the fitting form of cap. Fees for standardised proceedings similar to affordability must be diminished dramatically, simply as they had been for PPI.

Why we’re moving into the near prime market – Moneybarn Q&A Credit Strategy (should sign in to learn) Moneybarn’s industrial director at the automotive finance supplier’s fresh growth into the close to top marketplace, and why it has “aggressive targets”.

Amigo – my collection of articles at the proposed Scheme continues with Is Amigo allowed to extend paying refunds? Does it have a DISP waiver?

Virtual enforcement — a new era for bailiff practices? StepChange: “In many ways, the ruling raises as many questions as it answers.”

Benefits & different news

The problem is poverty, however we label it Guardian: The prefixes ‘food’, ‘child’ or ‘fuel’ make existence for 14 million deficient Britons appear simply fixable. In reality, radical motion is wanted.

Low-paid workers in UK more than twice as likely to lose job in pandemic Guardian: Job alternatives expanding for upper-paid personnel in signal of rising inequality

A survival guide to pensions on divorce Advice Now: Adding pensions into the [divorce] combine can also be daunting, however no longer coping with pensions is usually a large mistake.

Thousands on Universal Credit payments may get £62 less this month Sun: People who misplaced their activity on account of the pandemic got a 9-month grace length right through which advantages would no longer be capped…  This month the exemption ends for the primary team of people that began claiming Universal Credit (UC) on the very get started of the pandemic.

 





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