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11 January, 2021

High Court declares that enforcement agent may enter into controlled goods agreement with debtor whether or not they have physically entered premises where goods are located

Just Digital Marketplace Ltd (enforcement - controlled goods agreements - taking control of goods) [2021] EWHC 15 (QB)

4 January, 2021 Open access

Households ‘teetering on the brink of financial ruin’ as coronavirus support cliff edges loom, says Shadow Chancellor

Labour Party urges Chancellor to fix Britain's broken safety net and tackle the root causes of income insecurity

22 December, 2020

17 December, 2020 Open access

Debt clients are more likely to have rent or council tax arrears, receive universal credit, or be out of work since COVID-19 crisis began

Survey of StepChange clients also finds that almost half its clients report material deprivation, such as going without meals or rationing basic utilities

11 December, 2020 Open access

More than seven million people estimated to have fallen behind with essential bills during coronavirus pandemic

Citizens Advice calls for targeted help for people who’ve built up debts during the pandemic, focusing on helping clear council tax and rent arrears

8 December, 2020 Open access

Almost four in ten self-employed people expect it to take more than a year for their business income to return to pre-COVID-19 level

In light of survey findings, Money Advice Trust calls on government to introduce 'Self-Employment Recovery Strategy', to include grant scheme for those excluded from SEISS and reform of universal credit minimum income floor

25 November, 2020 Open access

StepChange confirms that applications for Covid Payment Plan are now open

New plan enables people whose income has been temporarily affected by coronavirus to make reduced payments on borrowing for up to a year

20 November, 2020 Open access

Financial Conduct Authority confirms updated support for consumer credit customers impacted by coronavirus

New guidance comes into force from 25 November 2020, although lending firms are encouraged to provide enhanced support immediately where they can

19 November, 2020

18 November, 2020 Open access

Young people, ethnic minorites and renters most at risk of debt caused by coronavirus pandemic, says IPPR

New report calls for urgent action to address financial impact of pandemic and longer-term action to prevent problem debt, including technological innovation and access to affordable credit

18 November, 2020 Open access

Financial Conduct Authority confirms updated support for mortgage borrowers impacted by coronavirus

New guidance comes into force from 20 November 2020, but lenders are encouraged to provide enhanced support sooner where they can

12 November, 2020

New long-term household debt crisis is ‘inevitable’ without urgent intervention, StepChange debt charity warns

Research into levels of coronavirus-related household debt finds that number of people in 'severe debt' has almost doubled since the beginning of the outbreak

11 November, 2020

Changes to content of enforcement, default and termination notices under the Consumer Credit Act 1974

New legislation makes changes to prescribed notices with aim of making them less intimidating and easier to understand

11 November, 2020

LSE research unit calls for Treasury to take action to ‘release mortgage prisoners’

New report argues that there is an 'ethical case' for action in light of the part played by successive governments in the creation of the problem

5 November, 2020 Open access

Lord Chancellor writes to High Court Enforcement Officers Association with guidance on enforcement action during the new lockdown in England

Enforcement agents requested not to enter or attend residential properties for the purpose of enforcement by taking control of goods or, except in limited circumstances, for the purpose of enforcing a writ of possession or restitution

5 November, 2020

Money Advice Trust and Money Advice Liaison Group launch new guidance for creditors on vulnerability and GDPR

New guidance developed to help firms support vulnerable customers by using the 'right data' in the 'right way'

5 November, 2020

4 November, 2020 Open access

FCA proposes three month extension to deadline for requesting consumer credit payment deferrals as a result of ongoing impacts of coronavirus

New measures will enable those who have not yet exhausted their payment deferral options under previous guidance to be eligible to request deferrals up to 31 January 2020