- around 700,000 people struggling with problem debt to benefit from Breathing Space this year
- scheme will give those facing financial difficulties 60 days to get finances back on track without debts piling up, worrying letters or enforcement action
- people will also have access to professional debt advice, with stronger protections for people in mental health crisis treatment
Breathing Space will give those facing financial difficulties space to receive debt advice, or mental health crisis treatment, without pressure from creditors or mounting debts.
Under the scheme, people will be given legal protections from their creditors for 60 days, with most interest and penalty charges frozen, and enforcement action halted. They will also…
Read the full article at: https://www.miragenews.com/new-scheme-to-give-people-in-problem-debt-554006/
