The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt.
Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans and other forms of high-cost credit. To help people who have found themselves in such a situation, the government will be exploring the idea of zero-interest loans which will be lent out to aid people in paying back their original debt. Essentially, the scheme being introduced is designed to help people escape the cycle of debt that some lending practices have promoted.
This introduction is much to the delight of cam…
Read the full article at: https://www.praguepost.com/eu-news/how-budget-help-long-term-debt