Even before the Covid 19 pandemic 7.2 million people (fourteen percent of the population) were heavily burdened by debt. It’s time to write down the debt.
The House of Lords will this week debate an amendment to the Financial Services Bill to ensure a “fair debt-write down” is incorporated within Government’s plans for a Statutory Debt Repayment Plan.
CfRC reports on the social impact of Fair for You. By providing fair, decent, and flexible loans to help low income families obtain essential household items including beds, cookers, fridges, and washing machines, Fair for You has not only eased their financial burdens but also had hugely positive impacts for their health and well-being, including that of their children.