Debt news – 10 January 2021 · Debt Camel

Was it in point of fact handiest Monday that all of us went again into lockdown? This turns out the longest week…

My select of remaining week’s news is Ministers want to get a grip of the hire debt disaster.

Tweet of the week

Debt news

Rent arrears:

FCA publishes coronavirus financial resilience survey data FCA: “Our role isn’t to prevent firms failing. But where they do, we work to ensure this happens in an orderly way”.

Warning over ‘unmanageable debt’ after shoppers spent £2.3billion on buy now, pay later to help fund Christmas Sun: Those who opted for this fee means had a mean invoice of £170 – just about 40% in their overall Christmas spending.

Just Digital judgement Bailii: The Judge determined that the act of Parliament implies that it’s criminal to have a Controlled Goods Agreement with out bodily going inside of the house or trade. The Act of Parliament permits regulations to keep watch over how that occurs if it desires and Parliament makes the foundations. The pass judgement on determined that the foundations that have been made about Controlled Goods Agreements don’t take care of some portions of what can occur after a Controlled Goods Agreement is agreed by means of video. The pass judgement on mentioned that it used to be as much as Parliament and the Government to imagine if it desires to switch the foundations to provide a process for a managed items settlement to be absolutely enforced. It could also be as much as Parliament and the Government to come to a decision whether or not there will have to be any charges if there’s a video settlement.

Debt Free London to offer debt and money advice 24 hours a day in response to London’s Covid Emergency DFL: Advice by means of telephone, video hyperlink, WhatsApp and webchat.

Let’s create a better breathing space Detailed proposals from grass-roots debt advisers. Sign as much as beef up them here.

Remortgaging at current rates could save homeowners £169 a month – so why are the majority not considering it? Mail: Despite the possible financial savings related to remortgaging, TSB discovered that almost all of other folks, 89 according to cent, weren’t bearing in mind it. 

Benefits & different news

Gavin Williamson snubbed offer of cheap broadband for kids Mirror: as early as spring 2020 BT requested the Department for Education to spot households who wanted get entry to to the web, providing to offer them as a “priority” and at value-worth.

E.on prepay customers ‘left without heating’ after thousands of top-ups delayed MSE: The power supplier advised it’s experiencing “intermittent issues” with its on-line fee amenities for prepayment meter consumers, who pay for power on a pay-as-you-move foundation prematurely. 

Fake reviews are a serious problem Fairer Finance: “The best time to [get a good review for a product] is one minute after they’ve bought it.”

DWP changing Universal Credit deductions – full list of 2021 debt rules and repayments Birmingham Mail: CPAG mentioned multiple million families pressured to assert UC when coronavirus struck are coming into the New Year with cash docked from their UC.

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