On May 5th the Government introduced the Breathing Space Scheme offering eligible debtors 60 days respite from interest, charges, payments, and in some cases legal action.
It has good bits and bad bits but at least it's a start.
Debt advisors were pressing for 6 months or a year's breathing space presumably because of the enormity of the debt problem caused by the pandemic.
Anyway, here's the Government's statement to creditors but I'll add more 'consumer-friendly' links to information as the scheme rolls out >
https://www.gov.uk/government/public...-for-creditors
What's most important to forum members is to be wary of applying for this if you are aiming for Statute Barred as it will acknowlege/pay towards the debt so you'll be back to square one.
More later![Happy](https://all-about-debt.co.uk/core/images/smilies/Generic Smileys/Icon-Smiley-Pack1-001.gif)
Di
It has good bits and bad bits but at least it's a start.
Debt advisors were pressing for 6 months or a year's breathing space presumably because of the enormity of the debt problem caused by the pandemic.
Anyway, here's the Government's statement to creditors but I'll add more 'consumer-friendly' links to information as the scheme rolls out >
https://www.gov.uk/government/public...-for-creditors
What's most important to forum members is to be wary of applying for this if you are aiming for Statute Barred as it will acknowlege/pay towards the debt so you'll be back to square one.
More later
![Happy](https://all-about-debt.co.uk/core/images/smilies/Generic Smileys/Icon-Smiley-Pack1-001.gif)
Di
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