Five steps to achieve best practice in debt collection
Date: 25 February 2010
Leading money advice charities are calling on the credit industry to join them in a conversation about how debt collection practice can be improved.
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The Resolution Foundation has published two new reports evidencing that low earners have struggled more in the recession compared to benefit dependent groups and higher earners.
Leading money advice charities are calling on the credit industry to join them in a conversation about how debt collection practice can be improved.
IPPR research shows that the main cause of a household falling into problem debt, arrears and repossession is a drop in income.
Mortgage Rescue Scheme has helped 1200 households stop the immediate threat of repossession, with 276 homeowners having completed the full process since the scheme's launch last year.
46,000 possessions were taken last year, which is lower than the CML's most recent forecast of 48,000, and significantly fewer than the 75,000 forecasted at the start of 2009.
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