Debtors to be given 'breathing space'

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Debtors to be given 'breathing space'

Post by KatiLB on Tue Oct 24, 2017 1:21 pm

Not sure where to post this (please move if needed Wink )

http://www.bbc.co.uk/news/business-41732854
People with problem debt could be given a six-week breathing space, the government has confirmed.
It follows pressure from rebels in the House of Lords, who had threatened to vote down the Financial Guidance and Claims Bill later on Tuesday.
They wanted the bill amended to include the breathing space idea.
But the Treasury has now confirmed that help for those in debt will now be the subject of a consultation, and will become law by 2019.

Consultation here ~ https://www.gov.uk/government/consultations/breathing-space-call-for-evidence
The government is seeking views as it develops a way to provide individuals in debt with up to six weeks free from further interest, charges and enforcement action. This period would give those affected time to take action by seeking financial advice about how to manage and relieve their debt burden.

.................

If anyone fancies it, the government is asking for people to share their experiences before the consultation is over ... I know I'll be telling them what I think Twisted Evil
Ways to respond

Email to:
BreathingSpaceCFE@hmtreasury.gsi.gov.uk

Write to:
Breathing Space Call for Evidence, HM Treasury, 1 Horse Guard Road, London, SW1A 2HQ
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Re: Debtors to be given 'breathing space'

Post by Admin on Tue Oct 24, 2017 6:03 pm

perfect place for it kati

my opinion is debtors should pay for things but at fair payback rates if its not there fault

however if its the company or bank that has done it the responsibility lies with them

the contempt of nowadays you can borrow fair in excess of your wage

debt by gas electric and water is another matter even they shouldnt allow it to get that high in the first place the fixed meter i hate myself as trying to get out out is no fun at all

and getting fair rates  or reduced bills like everyone else tends not to exist as you have a prepayment meter installed


Last edited by Admin on Tue Oct 24, 2017 7:03 pm; edited 1 time in total
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Re: Debtors to be given 'breathing space'

Post by Caker on Tue Oct 24, 2017 6:16 pm

Thanks Kati, I might drop them a line.
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Re: Debtors to be given 'breathing space'

Post by Admin on Tue Oct 24, 2017 7:01 pm

A cross-party group of peers is challenging the Government to fulfil a manifesto promise to give struggling families “breathing space” to deal with their debts.

At June’s general election the Tories promised to bring in a six-week grace period where individuals would have “legal protection from interest, charges and enforcement action”.

Tory, Lib Dem and Labour peers have lined up behind an Shadow Business minister Lord Stevenson's amendment to the Financial Guidance and Claims Bill, calling for ministers to bring in a “debt respite scheme”.

https://www.politicshome.com/news/uk/social-affairs/welfare/news/90038/cross-party-effort-pushes-tories-breathing-space-debt
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