Earlier this month, the UK government launched a newBreathing Space schemein England and Wales. This debt respite scheme gives people struggling with debt problems a 60-day period of legal protection during which all interests and charges on their debt will be frozen while they receive professional debt advice. No enforcement action will be taken during that time. People receiving treatment for mental health problems can get a longer grace period. Debt charities likeStepChangehave campaigned for years for the introduction of that breathing space as they see the harm debt can cause every day.
Money And Mental Health Affect Each Other
Mental Health Matters. People with problem debt are significantly more likely to experience mental healt…
Read the full article at: https://www.forbes.com/sites/forrester/2021/05/26/protecting-customers-from-harm-is-a-crucial-part-of-your-financial-well-being-strategy/