Debt news – 31 January 2021 · Debt Camel


An overly numerous set of articles this week. My select of remaining week’s news is Amigo declares continuing with Scheme.


Tweet of the week


Debt news

Amigo announces proceeding with Scheme RNS: my feedback in this right here: Amigo’s Scheme (1) timetable for approval & how it’ll paintings.

Cladding crisis: ‘I was a first-time buyer at 27, and bankrupt at 28’ BBC: Overwhelmed with the additional prices of coping with the issues, she needed to hand again her keys.

Shielding pensioner left ‘a bag of nerves’ as bailiff demands parking debt Somerset Live: Angie Leach claimed that the enforcement agent was once no longer dressed in a facemask

Financial Ombudsman ‘must sharpen up’ amid rising cases BBC: It instructed the Treasury Committee in November that 38,000 circumstances had no longer been allotted to a handler, no less than 8 weeks after receiving the grievance.

Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money new FCA session.

2nd edition DRO A-Z guidance Insolvency Service – on IMA site, out there to participants and loose sector advisers.

Ad ban for debt advice firms highlights problem of misleading claims Guardian: People will also be drawn in by means of lead turbines who cross on main points to companies providing paid-for assist.

Barclaycard customers face higher minimum payments BBC: The new necessities are adapted to each and every buyer, even though some might see an important upward push in calls for.

VW Financial Services told me I’d paid off my late husband’s car but then demanded an extra £13,000 – is this fair treatment? Mail: Debt collector mistakenly introduced a complete and ultimate agreement determine that was once paid – it was once in reality the determine to terminate the contract and hand again the automobile.

Benefits & different news

More than one in six struggling to afford broadband Citizens Advice: In December, regulator Ofcom discovered that if families had been paying the common £37 a month for landline and broadband, this is able to take round 4 instances the share of a low-source of revenue family’s funds, in comparison to a mean family. 

Banks defy watchdog Financial Conduct Authority’s plea – and just carry on shutting branches Mail: Barclays, Lloyds and TSB have all showed to The Mail on Sunday that their plans to close between them greater than 160 branches within the first 3 months of this yr is not going to exchange.

New legal aid ‘mortgage cap’ rules now in force Public Law Project: If you might have been refused felony support lately
because of the worth of your own home, you will have to test once more to look if you’re now eligible.

Three in 10 people cannot afford a minimum standard of living Loughborough Uni: This analysis was once on pre-pandemic information.

Sport faces end of gambling cash in biggest crisis since tobacco ban Times (paywall): This is the lead tale within the Sunday Times. Gambling trademarks is also banned from sports activities shirts within the greatest shake-up of promoting in skilled recreation since tobacco promotion was once outlawed.

Covid and ethnicity – an economic perspective FCA Insight: BAME people who were hired in February had been considerably much more likely to have exited employment sooner or later all through the pandemic. 

Free school meals: Families who don’t qualify ‘struggling’, review told BBC: All households on Universal Credit will have to qualify at no cost faculty foods, a Welsh Government evaluate has been instructed.





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