Debt news – 14 February 2021 · Debt Camel

My pick out of ultimate week’s new are the articles on converting the DRO standards.

Tweet of the week

Debt news

FCA finds the Covid-19 pandemic leaves over a quarter of UK adults with low financial resilience FCA: Over the process 2020, the collection of UK adults with low monetary resilience larger from 10.7 million to 14.2 million.

Payment holidays: one-third of consumers not aware that interest would still be applied Resolver: simply over one 3rd that had taken a cost vacation (38%) informed us that they felt they didn’t have all their choices defined to them on how one can continue as soon as the cost vacation had ended – together with decreased bills or selection plans.

Guidance on monitoring insolvency practitioners: Advertisements, marketing and debt advice Insolvency Service: It’s excellent news – whether it is enforced…

Responses across the Insolvency Service’s DRO session on new DRO standards:

The single parent debt trap Gingerbread & StepChange: 49% of unmarried folks reported taking up extra debt for the reason that get started of the pandemic.  

High-cost lenders exploiting NHS workers Debt Hacker: The information signifies that many NHS employees are suffering to pay again unaffordable loans which they’ll were mis-offered.

The parking baron who’ll never let you off a ticket Times (paywall): A former bricklayer’s campaign to ‘educate’ dangerous drivers places him on a collision route with campaigners.


Benefits & different news

Cold Weather Payment DWP: input your postcode and notice if it’s been chilly sufficient on your space. It additionally has a hyperlink to the ease laws.

O2 fined £10m for overcharging customers BBC: For 8 years, some shoppers who have been leaving the community have been double-charged some charges on their ultimate expenses, Ofcom mentioned.

Family who were left penniless by Universal Credit error told to ‘try foodbank instead’ Mirror: Matt Smith and his 4 kids have been informed to talk over with their native foodbank after falling sufferer to a Universal Credit bills flaw that the DWP vowed to mend months in the past.

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