Published On: Fri, Nov 20th, 2020

Debt relief: New respite scheme giving “breathing space” for families confirmed for 2021 | Personal Finance | Finance

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“It is worth noting that, in appropriate circumstances, which include a creditor being unfairly prejudiced by the moratorium, the creditor can request a review from the debt advisor or, if necessary, from the court.

“The initial request for a review must be made within 20 days and should be supported by evidence.

“We are looking forward to working with creditors over the coming months to put in place procedures to effectively comply with the regulations and to maximise prospects of making fair and ethical recoveries.”

These changes could not come sooner for some people as recent research from the Joseph Rowntree Foundation revealed around 2.5 million households are worried about covering their rent over the winter months, with 700,000 already being in arrears and 350,000 at risk of eviction.

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