Monthly Debt News looks at debts and the causes of debts in Britain from diverse sources to simplify the debt sector for a broad audience.    ——————— This month’s Debt News includes a  5 % energy price cap increase, Ofgem reviews energy standing charge, EDF issues debt warning, billions of welfare cuts planned and charities condemn the cuts, a rise in council tax in struggling boroughs, a pensioner had sleepless nights for recieving demands to pay £12,  gender gap and debt crisis.  And finally, bitesize stats to get an overview of the causes of debts in Britain.    ——————— Debt News  ——————— Ofgem announces 5% energy price cap increase Energy regulator Ofgem has announced that the energy price cap will increase by 5% on the previous quarter from 1st January to 31st March 2024. The cost for an average household paying by direct debit for dual fuel equates to £1,928, a rise of £94 for a year – around £7.83 a month. The price cap, updated every ...

   Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes concerns over paying energy bills, a household debt time bomb, a call to write off student debts for nurses, debt collectors chasing a footballer,  dentists using debt collectors to recover debts,  Windsor and  Maidenhead  Council bankrupt and the highest mortgage debts since record began. And finally, bitesize stats.    ——————— One in four concerned they won’t be able to pay their energy bills Latest data from, energy efficiency platform, Snugg has found that many people feel they are wasting money on energy bills because of their home’s poor energy efficiency. And while most would like to make their home more efficient, there is mass confusion over how and what help is available. More here:   Link    ——————— How can we defuse the household debt t...

(July 2023) Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes: Debt collectors illicitly obtained French citizens data -  Ofgem brings measures for debt recovery - UK household pay down  mortgage and use savings - FCA introduced mortgage breathing space - UK Govt renationalising Thames Water.  Finally, bite-size stats on student loans, universal credit fraud, financial exclusion and renters in poverty. ---------------- Debt collector of UK fines ‘illicitly’ got data of drivers in France That is the claim of 102 plaintiffs who have filed a complaint over fines relating to low-emission zones in London  More here:  link   ---------------- Ofgem proposes £13 allowance in PPM price cap for energy suppliers The measure is part of Ofgem’s new plan to protect PPM customers and help energy suppliers recover bad debts. Energy regulato...