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New scheme to give people in problem debt breathing space launched

New scheme to give people in problem debt breathing space launched Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme that launched today (4 May 2021). From: 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.

Martin Lewis: There s an epidemic of scams, but fraudsters are getting off scot-free | Scams

Martin Lewis: ‘There’s an epidemic of scams, but fraudsters are getting off scot-free’ The consumer champion explains why it’s crucial the new online safety bill includes fraud and con adverts Martin Lewis successfully sued Facebook over scam ads for bitcoin. Photograph: Linda Nylind/The Observer Martin Lewis successfully sued Facebook over scam ads for bitcoin. Photograph: Linda Nylind/The Observer Sun 2 May 2021 03.45 EDT The text message from HMRC about a Covid-19 refund, the email about a mysterious DHL parcel that couldn’t be delivered, the breathless Facebook post from Martin Lewis, urging you to invest in bitcoin – scams are a daily hazard of modern life.

PIMFA Welcomes Intervention From Financial Conduct Authority CEO Nikhil Rathi In Debate Over Online Financial Harms

PIMFA Welcomes Intervention From Financial Conduct Authority CEO Nikhil Rathi In Debate Over Online Financial Harms Date 20/04/2021 PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, welcomes the intervention today (20 April 2021) from Financial Conduct Authority chief executive Nikhil Rathi in the debate on online financial harm. PIMFA, alongside Which? UK Finance, The Money and Mental Health Policy Institute, The Carnegie Trust and others continue to believe that the best way to protect consumers from fraud perpetrated by organised criminals and increasingly carried out online is through the inclusion of financial harm in the Government’s upcoming Online Safety Bill, which we expect to be included in the Queen’s Speech next month. 

6 Ways to Prevent Overspending During a Mental Health Episode

6 Ways to Prevent Overspending During a Mental Health Episode
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Mental health and scams: I d have paid anything to make me feel better

BBC News Published image captionEmma Quinn says others need to be protected Emma Quinn was at her most vulnerable when a so-called psychologist contacted her on Facebook offering to help. As someone with bi-polar disorder, the 28-year-old was in a manic phase when a woman offered support. At that point I would have paid anyone any sum of money to make me feel better, she said. That sum turned out to be £6,000 and it would take Emma two years - and a great deal of stress - to get the money back. Now a charity is calling on the government to protect people like Emma, claiming its plans to legislate on online safety ignores the scourge of scams.

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