Debt news – 27 June 2021 · Debt Camel


My select of final week’s news is Millions of UK properties face wintry weather power invoice hike of over £110 a 12 months – another reason why the withdrawal of the £20 per week Universal Credit in October could be a crisis.


Debt news

Northern English cities faced ‘avalanche’ of debt during Covid – study Guardian: Richer neighbourhoods in southern England stored £12 for each £1 stored by way of the ones in poorer spaces.

Martin Lewis tells ministers it’s time to stop hiding the student living loan parental contribution – parents should be told they may be expected to pay £1,000s MSE: Students aren’t explicitly advised how and why their mortgage has been lowered, or how a lot their folks want to give a contribution.

Banking:

Energy expenses:

‘Buy now, pay later’ not just used by fashion-conscious young shoppers Which? A 3rd of the United Kingdom grownup inhabitants has used a BNPL supplier, akin to Klarna, Clearpay or Laybuy.

Amigo considering revised scheme for complaints payouts – but insolvency a ‘real possibility’ Bournemouth Echo: Amigo’s founder James Benamor – who fought an unsuccessful boardroom fight to regain keep watch over of the corporate – the day prior to this shared an electronic mail which have been despatched to Amigo consumers. My remark – I really like this Amigo buyer’s reaction:

Catalogue subscriptions: have you been signed up without consent? Which? ‘Motor clubs’, ‘PERX schemes’ and guide golf equipment are simply one of the vital products and services consumers say they’ve been unwittingly signed up for. 

Benefits & different news

Understanding the jump in families affected by benefit cap CPAG: in February 2021, 200,000 households have been matter to the ease cap – 24,000 upper than 3 months previous and 122,000 upper than the former 12 months.

People who need help with Universal Credit are being #Setuptofail MMHPI: 100,000s of other folks experiencing top ranges of psychological misery might combat to get the strengthen they want from family members to control their Universal Credit accounts and keep away from sanctions.

Ministry of Justice launches legal support pilot for housing disrepair gov.united kingdom: “The online tool will provide individuals with tailored information, guidance and signposting to help them resolve housing disrepair issues before their problems escalate.”
My remark – sounds nice, doesn’t it! But, as Giles Peaker points out ” the entire thing is kind of OK so far as it is going, nevertheless it doesn’t cross very a long way in any respect, and principally simply forwards other folks to Shelter and CitizensAdvice who’re already beautiful just right at turning in this recommendation themselves. So what is that this for?”


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