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Will temporary payment holidays create the perfect debt storm for households? Government organisations, such as the Financial Conduct Authority (FCA), are working with Banks and lenders to try and alleviate some of the financial demands on households as many of us sit it out at home during the coronavirus pandemic However, Banks and mortgage lenders ...

Will temporary payment holidays create the perfect debt storm for households? Government organisations, such as the Financial Conduct Authority (FCA), are working with Banks and lenders to try and alleviate some of the financial demands on households as many of us sit it out at home during the coronavirus pandemic However, Banks and mortgage lenders ...

Many who pay rent in the UK are still waiting for the government to confirm its legal stance on evictions during the pandemic. Ministers initially claimed new legislation would ensure no tenants were evicted throughout the crisis. On Tuesday, however, Labour accused the government of betraying those who rent because the bill apparently only extended the eviction ...

We have heard about mortgage holidays coming into play during the coronavirus crisis.  Several major banks have announced support measures for customers affected by coronavirus, including mortgage payment holidays. They have also announced increased credit limits and penalty-free access to fixed savings.  Support from major banks. Barclays, Lloyds and NatWest are among some of the ...

In 2019 county court debt judgments or CCJs reached a record high. The Registry Trust revealed that a total of 1.5 million CCJs were issued in 2019.  This makes it a record year of action taken against consumers in debt. Registry Trust chairman, Mick McAteer, said that a growing number of vulnerable households are “facing ...

Good debt advice has a positive long-term impact. This, according to a study produced by the Institute for Employment Research at the University of Warwick.  The study was commissioned and funded by the Friends Provident Foundation. FPF is an independent charity that makes grants and uses its endowment towards a fair and sustainable economic system ...