Debt news – 11 April 2021 · Debt Camel

A brief week and a quiet one at the debt news entrance.

Debt news

Do claims corporations get excellent effects on the Ombudsman? my article, with new statistics from FOS.

ASA Ruling on TFLI Ltd Advertising Standards Authority: Wise Old Mary IVA lead generator advertisements discovered to be deceptive for lots of causes together with exaggerating the volume of debt that may be written off and now not making it transparent that the answer they presented used to be prone to be an IVA which had dangers and charges related to it.

(*11*) BBC: Eddie and Lilian Gray took out a £19,500 [shared appreciation mortgage] from Bank of Scotland in 1997 – however the price of repaying it’s now anticipated to be greater than £200,000.

“Lower interest if your credit score improves” – a good suggestion? My article on a small lender, LiveLend. But it raises a large number of attention-grabbing questions for long run merchandise on this credit score builder area.

Leaseholders face Covid charges costing them thousands Times (paywall): Leaseholders are anticipated to foot a share of the invoice — estimated to be between £1,300 and £2,000 each and every — to stay developers secure whilst native taxpayers duvet the prices for council tenants.

Motorists will benefit from shake-up of charges for private parking Glasgow Times: How can non-public corporations justify levying fees at nearly triple the speed of native authority ones?

In America: Bankruptcy Filings Are Still Super Low–Don’t Believe the Headlines Credit Slips: there may be the relatively prosaic risk that folks simply gained’t find the money for to pay the chapter legal professional.

Benefits & different news

 £500 payment for working households on tax credits Revenue Benefits (a partnership between RightsNet & LITRG): the whole lot an adviser wishes to grasp – together with the bits you haven’t but realised.

English councils handing huge extra care bills to disabled and mentally ill adults Guardian: Charities draw up record of fees they describe as ‘care tax’ because of nationwide underfunding.

Lift the two-child limit to let our children thrive Times (paywall): probably the most key techniques to verify small children and youngsters thrive is to verify households find the money for to satisfy their wishes. And the federal government has a coverage that totally undermines this goal: the 2-kid prohibit.

Food poverty: MPs call on government to step up help BBC: “We have a duty to ensure that access to enough nutritious food is a fundamental right for everyone in the UK, which is why, for the second time in a year, our committee urges the government to appoint a new minister specifically to address food security.”

It’s 2021, why are people having to choose between broadband and buying food? Citizens Advice: Here’s 3 the reason why, and what Ofcom and the federal government can do about it

On pay and wealth, damaging race inequalities prevail Guardian: LSE and Resolution Foundation findings expose lasting ethnic drawback; why used to be this now not mirrored within the race file?

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