Debt news – 18 April 2021 · Debt Camel


Interesting statistics this week – the Monthly Insolvency Statistics and StepChange’s Personal debt statistics in 2020.


Debt news

Commentary – Monthly Insolvency Statistics March 2021 gov.united kingdom Once once more IVA numbers are up on a 12 months in the past and DRO and chapter are smartly down.

A snapshot of UK personal debt statistics in 2020 StepChange 12 months guide: 44% of recent shoppers in 2020 have been unmarried and not using a kids, up from 36% in 2019.

Barclaycard – extra large cuts to credit score limits my article, highlighting the prospective sudden affect of credit score rankings

Klarna clampdown due within weeks as Treasury prepares to impose stricter rules on Britain’s £2.7bn booming ‘buy now, pay later’ sector Mail: A session on draft legislation affecting platforms like ClearPay, Klarna, Laybuy and PayPal is anticipated to be revealed in early May, after an modification to credit score law used to be handed in parliament this week.

Mortgages:

Tax raids target poorest families on universal credit Times (paywall): HMRC mentioned that between April and December 2020 it despatched 137,059 letters to warn common credit score claimants they’d have bills minimize on account of tax credit score overpayments from so long as 17 years in the past.

GPs to prescribe debt intervention in new approach to social prescribing Financial Shield: Financial Shield is designed to force enhancements in other people’s well being trajectories, monetary scenario and debt compensation, and produce tangible value financial savings to the NHS, thru decreased use of NHS appointments and admissions. The pilot will come with a value receive advantages research to measure results and an impartial evaluate to inspire a countrywide roll-out. 

Please help us improve the Procedure Rules pages Ministry of Justice survey on the right way to strengthen the CPR – Rules and Directions

Benefits & different news

About 700,000 renters served with ‘no-fault’ eviction notices since start of pandemic Guardian: Shelter leader govt says personal renters in England reside ‘at the mercy of a broken and unfair system’

Gambling Act review: A chance to make gambling safer by design MMHPI: Avoiding an issue and occasional motivation are commonplace stories for other people with psychological well being issues which may make preventing even more difficult. 

Haunted by shame: victims of bank transfer scams tell of lasting trauma Guardian: Fraud may have devastating penalties on sufferers, and no longer simplest financially



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