Deputy Prime Minister, Lord Chancellor and Secretary of State for Justice, Dominic Raab has announced bailiffs will have to wear body cameras in future in an effort to curb aggressive tactics from private enforcement agents. Although the majority of enforcement agents act in accordance with the relevant laws and regulations, there are often reports of […]
Read MoreAs the fuel poverty crisis continues, energy suppliers are coming under fire for continuing to switch people to prepayment meters despite a letter from OFGEM last month reminding them of their obligations before doing this. OFGEM has identified significant failings within some companies where debt repayments are so high, that customers are having to self […]
Read MoreThe proposed Statutory Debt Repayment Plan (SDRP), which will allow someone with qualifying debt to enter a legally protected statutory agreement to repay their debts, has been put on hold until 2023. The delay has come in response to a stakeholder consultation with concerns being raised about a number of aspects of the instrument from […]
Read MoreThe deadline for the Council Tax Rebate Scheme has been extended until 30th November. Whilst most eligible people have received the rebate, there are still a relatively small number of households who have not yet claimed. The deadline of the 30th will not be extended. The rebate can be redeemed in a number of ways:- […]
Read MoreThe insolvency service has released their quarterly statistics on individual insolvency for the period covering July to September (Q3). The stats show that although there has been an increase in the amount of individuals being declared bankrupt, up 66 from the previous quarter, IVA’s are still the most common form of insolvency with 20,635 in […]
Read MoreGoogle have recently announced a new measure to help protect consumers and legitimate organisations in the UK when advertising debt advice and support services. Only those who are authorised by the Financial Conduct Authority (FCA) for debt counselling and debt adjusting will be able to show their advertisements for debt services. The new policy will […]
Read MoreWith the rising cost of living, there is growing concern that people are turning to loan sharks to help pay for food, rent/mortgage and other priority bills. Below is some helpful information so you can spot a loan shark and how to get support if you, or someone you know, is affected by this. What […]
Read MoreBuy Now Pay Later (BNPL) agreements have been around since the 19th century, when they were typically used to buy large, expensive items of furniture or farming equipment. Whilst the agreements have changed over the years, the premise is still the same, payments are spread over a period of time and you can own the […]
Read MoreIn response to a growing campaign from UK charities and anti-poverty groups about rising energy costs, the government has announced a new energy price cap from 1st October. The new cap will limit a typical household energy bill to £2,500 for 2 winters, significantly below the planned October rise to £3,549. In addition to the […]
Read MoreOFGEM has announced that the energy price cap, the mechanism by which the energy sector regulator controls domestic energy costs, will increase by 80 percent from 1st October 2022 due to rising wholesale gas and electricity prices. The increase, which follows a 54% increase in the price cap in April 2022, is expected to see […]
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