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Brits struggling with debt to get more help from today with 'breathing space' scheme

cover experts Bill

04.05.2021 - 02:43

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www.mirror.co.uk

mirror.co.uk:

Brits who are struggling with debts can get help through a new “breathing space” scheme launching today. The financial support will see borrowers protected against prosecution, debt collectors and bailiffs for 60 days.

But in order to get the help, you must agree to work with experts to sort out a long-term plan to get you out of debt. You must also keep up with your debt repayments where possible.

If you’re being treated for a mental health crisis, your “breathing space” period will last as long as you’re receiving treatment, plus 30 days.

Debts that will be covered through the scheme include credit cards, personal loans, overdrafts, utility bills and mortgage and rent arrears. Have you managed to clear your debt?

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