Debt news – 21 February 2021 · Debt Camel

My pick out of remaining week’s news is the Resolution Foundations’ document on hire arrears: Tackling the United Kingdom’s development arrears disaster.

Graph of the week

Debt news

Broadband credit score mistake ‘cost me £3,500’ BBC: He referred to as up Virgin Media, it realised its mistake, apologised and stated it could replace databases held by way of credit score reference companies instantly which might repair the issue in only a few days. But that didn’t occur.


  • Getting ahead on falling behind – Tackling the UK’s building arrears crisis Resolution Foundation: motion could also be required to mediate successfully between those that owe and are owed, and to assist households scale back their housing arrears by the use of each grants and loans.
  • Chancellor must act to tackle rent debt crisis Joint remark by way of The Big Issue Ride Out Recession Alliance, Crisis, Citizens Advice, Joseph Rowntree Foundation, Money Advice Trust, The Mortgage Works, National Residential Landlords Association, Nationwide Building Society, Propertymark, StepChange Debt Charity and Shelter.

DRO session:

Clause 34 – Statutory Debt Repayment Plans and “fair debt write-down” Centre for Responsible Credit: the whole price of debt bought by way of [debt collectors] in 2018/19 was once £55.6 billion.

Mortgages for 10% deposits flood back with 117 new loans launched this year – but first-time buyers are still worse off than pre-pandemic Mail: The moderate two-yr mounted price loan with a ten consistent with cent deposit now has an rate of interest of three.56 consistent with cent, nearly one share level greater than in February 2020. 

Benefits & different news

HMRC’s use of criminal prosecutions for tax fraud and other revenue crimes. A comparison with benefits fraud. Taxwatch: tax fraud prices the Treasury 9 instances the volume misplaced to advantages fraud.

One in six new universal credit claimants forced to skip meals Guardian: Our proof means that even with the £20 uplift get advantages ranges are insufficient.

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