October 2017

Debt Advice Foundation shortlisted for charity funding

Financial capability project in the running to receive a share of £120,000 

 
Following a thorough two-stage application process, Debt Advice Foundation’s educational programme DebtAware has been announced as one of five campaigns to potentially win a share of funds from the OneFamily Foundation. 
 

People in debt to be given breathing space

Under new rules being drawn up by Government, people struggling with debt would be given six weeks of breathing space in which to seek advice about their situation.

The plan, which the Treasury is currently consulting on, would see anyone struggling to keep up with their debt repayments exempted from further interest, charges and creditor enforcement action for a period of six weeks so that they can seek advice.

The scheme would only apply to England, Wales and Northern Ireland as Scotland already operates a similar system.