One again, we find that New Labour really means New Debt
So the world's economy seems to be entering a recession, and it is widely held that debt has been the driving force in getting us into this whole mess. So what does the UK government do?
They raise the cost of court cases for debt related proceedings.
In almost every case, the full cost of any such proceeding lands on the debtor themselves. Companies almost always pass on at least most of the fees for arranging the cases. This system, much like bank charges, means that those who are struggling financially are forced further into debt.
Because companies pass these fees directly onto their debtors, this increase would not deter the bringing of such cases. Rather than addressing the underlying problems, these changes would only force more people into terrible circumstances.
In this time of economic struggle, more and more people are finding themselves out of work, under-paid, over-billed, or a combination of any of the three. This change will only serve to harm those in financial difficulty, often there because of no fault of their own.
Please, write to your MP about these changes and the damage they will cause.
They raise the cost of court cases for debt related proceedings.
In almost every case, the full cost of any such proceeding lands on the debtor themselves. Companies almost always pass on at least most of the fees for arranging the cases. This system, much like bank charges, means that those who are struggling financially are forced further into debt.
Because companies pass these fees directly onto their debtors, this increase would not deter the bringing of such cases. Rather than addressing the underlying problems, these changes would only force more people into terrible circumstances.
In this time of economic struggle, more and more people are finding themselves out of work, under-paid, over-billed, or a combination of any of the three. This change will only serve to harm those in financial difficulty, often there because of no fault of their own.
Please, write to your MP about these changes and the damage they will cause.