Martin Lewis urges people who need to transfer credit card balances to help in clearing their debt do it now as the deals look like they’re ending soon in this article.
Read this story explaining how Barclays Bank have dealt with a complex debt situation which they’ve cancelled due to its unfairness.
From 1 July, the DWP are starting to reduce Universal Credit payments if overpayments have been made in the past. See this article for the full story.
Professor Peter Shears from Plymouth Law School, writing for the Plymouth Herald, warns against getting involved with Loan Sharks and recommends City of Plymouth Credit Union, alongside Citizens Advice, as the “go to” organisation for help.
The Financial Conduct Authority (FCA) has agreed with the major banks a scheme to help customers with credit who are affected by Coronavirus. See this article for the full story.
No great surprise that debt is the primary cause for people to use food banks. Universal Credit often gets the blame, and in some cases, that’s also true. See the full article here.