MSE News

Debt help

Millions in debt crisis to be helped by two-month 'breathing space'

New rules which will give people struggling with problem debt a grace period of 60 days to get their finances back under control are set to help millions, according to new estimates published by the Government

6 February 2020

Record numbers taking out voluntary arrangements to cope with debts

Record numbers of Individual Voluntary Arrangements were taken out last year by people struggling with debt, according to new Government figures

31 January 2020

Urgent call for Ofgem to step in after debt collectors contact 130,000 Spark Energy customers

Almost 130,000 Spark Energy customers have been contacted by debt collectors in the wake of its takeover by Ovo Energy, even though many have continued making normal payments and had no idea they owed any money, MoneySavingExpert can reveal. If you've had a letter, text or email from a debt collection firm, don't panic - we've full help on what it means and what you need to do

8 March 2019

Charities call for action against rule-breaking bailiffs

A third of people contacted by bailiffs experience rule-breaking behaviour, including threats and forced entry, according to Citizens Advice and debt charity StepChange

13 November 2018

'Breathing space' period for people in debt crisis to be extended

People struggling with serious debt look set be given a longer grace period of 60 days before being hit with further interest, charges and enforcement action

27 October 2018

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