CfRC and Unjust Debt response to SDRP consultation

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CfRC and Unjust Debt response to SDRP consultation

CfRC and Debt Justice joint response to HM Treasury's proposals for the Statutory Debt Repayment Plan ('SDRP') calls for major revisions, including the incorporation of a mechanism to write down debts sold to debt collection agencies and for public scrutiny of the Standard Financial Statement 'trigger figures' used to determine how much debtors will need to pay back through the plans.

Report
Event

CfRC and Unjust Debt response to SDRP consultation

CfRC and Debt Justice joint response to HM Treasury's proposals for the Statutory Debt Repayment Plan ('SDRP') calls for major revisions, including the incorporation of a mechanism to write down debts sold to debt collection agencies and for public scrutiny of the Standard Financial Statement 'trigger figures' used to determine how much debtors will need to pay back through the plans.

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Our work makes a real difference to lower income households. We were leaders in the campaign for caps on the costs that payday lenders and rent-to-own firms can charge, which has saved borrowers an estimated £150 million per year since 2015. And our rent-flex project could eliminate the need for social housing tenants to incur any interest at all.

Most recently we have been supporting the We are Debt Advisers campaign from our own revenues.   We therefore welcome donations, of any size, which we can put towards current and future campaigns.
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