Article preview: A new debt respite scheme, designing to create a ‘breathing space’ for those with debt challenges, has gone live. The Breathing Space scheme is expected to help hundreds of thousands of people this year, giving them up to 60 days to get their finances back on track. The scheme was designed to give those facing financial difficulties time to receive debt advice, or mental health crisis treatment, without pressure on their creditors or mounting debts.
Breathing space for debt challenges
This 805-word blog post looks at the introduction of a new Breathing Space scheme for those facing financial difficulties with their debts. Written on 4th May 2021.
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