Need a little breathing room with debt? On 4 May 2021, the Government announced that they have released a new initiative whereby around 700,000 people struggling with problem debt will benefit from ‘Breathing Space’ this year.
The scheme will give those facing financial difficulties 60 days to get finances back on track without debts piling up, worrying letters, or enforcement action.
People will also have access to professional debt advice, with stronger protections for people in mental health crisis treatment.
For more information, please search the Gov.UK website for ‘Breathing Space’.
