(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...
Ripon Ray has worked in the debt advice sector for over 14 years. His work includes front-line advice & training, developing advice services, quality framework and working with regulators. He created template letters to develop confidence among those struggling with debts. He founded a series of podcasts to show the link between debt and other sectors by getting industry experts together.