Debt news – 30 May 2021 · Debt Camel


Three primary pieces of news this week: Amigo scheme rejected by means of courtroom case, the FCA bans the loyalty penalty for insurance coverage and a requirement for a fairer social tariff for water.


Debt news

Amigo Scheme NOT licensed by means of the courtroom after the FCA objected…

… and implications for the broader poor credit marketplace:

Mortgages:

Tenant eviction ban ends TOMORROW – here’s what you need to know Sun: Campaign team Generation Rent has warned that tenants face “a cliff edge” and would possibly lose their properties as a result of money owed constructed right through lockdown restrictions. 

The pernicious potential of ‘buy now pay later’ finance FT (paywall): Credit losses for BNPL are low this present day, however consumers who wish to robotically defer bills will also be the primary to default when recession hits.

Independent review of water affordability CCW: (*30*).

Benefits & different news

Benefits:


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