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Martin Lewis announces debt law change that 'could save lives'

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manchestereveningnews.co.uk

Mirror. Rules in the Consumer Credit Act (1974) force lenders to send intimidating letters to people who are seriously behind on debt payments.These letters have to include large blocks of threatening and confusing language, written in capital letters - they also have to include outdated advice, telling people to consult their solicitor or local trading standards board, instead of pointing them to things like free debt advice.So the Money and Mental Health Policy Institute Martin founded launched a campaign to get the law changed.The Government will now legislate to change the language and presentation of information in debt letters, cutting legal jargon and replacing it with more widely understood language and pointing people to free.

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