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2 September, 2010

Consumer Credit Counselling Service welcomes new advertising rules

New codes introduced which make it difficult for fee-charging debt management companies to mislead public by advertising their services as 'free'.

1 September, 2010

Statistics show a property is repossessed every 14 minutes

New figures released by Credit Action also highlight the average interest paid by each household on their total debt is over £2500 each year.

31 August, 2010

Bankruptcy restriction orders double in Scotland

Measure available if it is felt that bankrupt's behaviour has been dishonest in some way or there has been ‘unfit’ conduct.

31 August, 2010

Allowing contingent or ancillary charges in consumer contracts to be assessed for unfairness

Citizens Advice responds to the Department for Business, Innovation and Skill’s call for evidence on the Consumer Rights Directive.

27 August, 2010

Effectiveness of Ofwat in protecting water consumers

Department for Environment, Food and Rural Affairs launches review of water industry regulator to ensure it is 'fit for future challenges'.

27 August, 2010

Fairness must be at the heart of budget decisions, says Equalities and Human Rights Commission

Government must consider the effect of budget cuts on vulnerable groups and decisions should be evidence-based, fair and transparent.

26 August, 2010

People with debt more likely to report more problems overall

New research published by Money Advice Trust looks at the demographics and effects of debt, the relationship with debt and other problems and the impact of debt advice.

25 August, 2010

Debt, employment disputes and housing problems spiral if left unaddressed

Citizens Advice urges government to raise service standards, and avoid hitting vulnerable hardest through rash spending cuts.

25 August, 2010

Clients value accessibility, timeliness and relevance of debt outreach advice

Legal Services Research Centre publishes findings from an evaluation of debt outreach advice pilots in locations such as prisons, family centres and housing offices.

24 August, 2010

Education (Treatment of Student Loans on Sequestration) (Scotland) Regulations 2010

New regulations that exclude the discharge of student loans where a debtor is sequestrated in Scotland.

23 August, 2010

Number of payday loan users has quadrupled since 2006

New research by Consumer Focus highlights the need for stronger safeguards to protect consumers from spiralling payday loan debts.

20 August, 2010

Money Advice Trust response to rise in credit card borrowing cost despite all time low base rate

Charity encourages lenders to place greater significance on the Bank of England base rate when pricing their products.

17 August, 2010

Money Advice Trust announces new 2010 Common Financial Statement ‘trigger figures’

Updated levels for agreed discretionary monthly expenditure for Common Financial Statement license holders

13 August, 2010

New university students likely to owe £25,000 by the time they graduate

Average yearly debt has increased by more than 5 per cent, according to new national survey of student finance.

13 August, 2010

Vital that debt advice for homeowners continues to be a funding priority

Responding to CML reposession figures, Citizens Advice also urges lenders to continue to treat people in arrears fairly.

12 August, 2010

National Debtline reports large increase in unemployed people struggling with debt

Government and financial services providers must work with advice agencies to ensure those with debt problems have access to free, expert money advice, says Money Advice Trust.

12 August, 2010

Qualitative study of voluntary possession and selling because of financial difficulties

New government research brings together evidence from qualitative interviews with borrowers to inform understanding of the drivers, experiences and outcomes for households giving up home ownership.

12 August, 2010

Citizens Advice welcomes FSA announcement to take action on mis-selling of PPI

Too often consumers have been mis-sold PPI policies that are far too expensive and completely unsuitable for their needs, often contributing to debt problems.

12 August, 2010

Council of Mortgage Lenders reports decline in mortgage arrears and reposessions

Decrease in payment problems leads the CML to revise its forecasts for arrears and repossessions in 2010.