GLASGOW, Scotland, Jan. 3, 2018 /PRNewswire/ — The new debt respite bill which is due to be implemented by February 2018 strives to place a duty of care on lenders to grant respite for families with children and young people in debt.
Kelly Tolhurst MP has proposed a bill in parliament that aims to give families and young people breathing space when trying to make debt repayments. At present, record numbers of people are affected by debt in the UK. High interest charges, fees and enforcement actions can make it increasingly more difficult for even the smallest debts to be settled.
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