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Pepper: Missed payments most common reason for adverse credit


Specialist mortgage lender, Pepper Money, has identified a simple missed credit payment as the most common reason for people to have an adverse credit record as part of its Adverse Credit Study, in association with YouGov.
Some 73% of people with an adverse credit record have a missed credit payment, and 43% of all adults who have missed a credit payment said they have missed more than one.
The second most common reason is missing several credit payments, resulting in a Default, which has been experienced by 35% of people with adverse credit. Just over a quarter (27%) have entered into a Debt Management Plan and a similar number (26%) have unsecured arrears. ....

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Pakistan: Circular debt hits CPEC power projects

Pakistan: Circular debt hits CPEC power projects
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Government launches 'Breathing Space' debt respite scheme


Britons with mounting debts will be able to ask for them to be put on hold for two months after proposals two years in the making came into effect today.
The so-called Breathing Space scheme, announced in 2019 after a five-year campaign from debt charities, will allow debtors to apply for a break from any enforcement action from creditors and for interest and fees to be frozen.
The 60-day break from spiralling credit and the threat of debt collectors being sent round is supposed to give borrowers chance to work out their financial situation and options that could help them get out of debt. ....

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