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15/12/2022
New NI Debt Respite Scheme Under Consideration
The Department for Communities has issued a call for evidence to explore the establishment of a debt respite scheme in Northern Ireland.
The primary aim of the pre-consultation is to build on evidence already gathered and source further insight from the debt advice sector, creditors and individuals on the scale of problem debt locally.
Problem debt and the inability to keep up with regular bills and credit commitments is associated with a range of negative impacts on wider society, most notably poor mental health.
An estimated 175,679 adults in Northern Ireland are likely to need debt advice in 2022.
It is envisaged that any new scheme would incorporate provision for both a 'Breathing Space' and 'Statutory Debt Repayment Plan'.
The Breathing Space initiative hopes to provide headspace for debtors by temporarily pausing creditor enforcement action, interest and charges. The scheme also aims to help debtors access professional debt advice - and access it sooner - helping them reach sustainable debt solutions.
The pre-consultation will run for six weeks from December 14 to January 25 2023 with input sought from the debt advice sector, private and public sector creditors, voluntary sector and members of the public who wish to contribute.
To participate in the call for evidence, which will help shape the policy for any future debt respite scheme, go to Citizen Space.
The primary aim of the pre-consultation is to build on evidence already gathered and source further insight from the debt advice sector, creditors and individuals on the scale of problem debt locally.
Problem debt and the inability to keep up with regular bills and credit commitments is associated with a range of negative impacts on wider society, most notably poor mental health.
An estimated 175,679 adults in Northern Ireland are likely to need debt advice in 2022.
It is envisaged that any new scheme would incorporate provision for both a 'Breathing Space' and 'Statutory Debt Repayment Plan'.
The Breathing Space initiative hopes to provide headspace for debtors by temporarily pausing creditor enforcement action, interest and charges. The scheme also aims to help debtors access professional debt advice - and access it sooner - helping them reach sustainable debt solutions.
The pre-consultation will run for six weeks from December 14 to January 25 2023 with input sought from the debt advice sector, private and public sector creditors, voluntary sector and members of the public who wish to contribute.
To participate in the call for evidence, which will help shape the policy for any future debt respite scheme, go to Citizen Space.
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17 July 2006
Citizens Advice to provide debt guidance
Citizens Advice in Northern Ireland has been awarded a debt advice contract by the government. Minister Maria Eagle said: "Debt in Northern Ireland is having an adverse economic, social and personal impact on the lives of many people here. This new debt advice contract will help clients to regain control of their financial affairs.
Citizens Advice to provide debt guidance
Citizens Advice in Northern Ireland has been awarded a debt advice contract by the government. Minister Maria Eagle said: "Debt in Northern Ireland is having an adverse economic, social and personal impact on the lives of many people here. This new debt advice contract will help clients to regain control of their financial affairs.
18 January 2013
NI Debt Service Launched
A new debt advice service has been launched across Northern Ireland by Advice NI. The new service follows a £2.5m award from the Department of Enterprise, Trade and Investment. The integrated debt advice, Debt Action NI, service will run until 2015.
NI Debt Service Launched
A new debt advice service has been launched across Northern Ireland by Advice NI. The new service follows a £2.5m award from the Department of Enterprise, Trade and Investment. The integrated debt advice, Debt Action NI, service will run until 2015.
30 January 2024
Groundhog Day: Advice NI Urges Households To Seek Support As 'Heat Or Eat' Conundrum Continues
NI's largest advice charity dealt with 4,062 cases and £43.4 million in household debt during 2023 As Groundhog Day approaches, Advice NI is encouraging households to seek financial advice and free themselves from the seemingly never-ending cycle of debt.
Groundhog Day: Advice NI Urges Households To Seek Support As 'Heat Or Eat' Conundrum Continues
NI's largest advice charity dealt with 4,062 cases and £43.4 million in household debt during 2023 As Groundhog Day approaches, Advice NI is encouraging households to seek financial advice and free themselves from the seemingly never-ending cycle of debt.
14 January 2009
Citizens' Advice Deals With Debts
Credit cards, personal loans and bank loans are foremost in the work of a government-backed debt advice service. At this 'fag-end' of the year - when pre-Christmas excesses begin to bite on finances - debt advice funded by the Department of Enterprise, Trade and Investment is said to be helping the most vulnerable in Northern Ireland society.
Citizens' Advice Deals With Debts
Credit cards, personal loans and bank loans are foremost in the work of a government-backed debt advice service. At this 'fag-end' of the year - when pre-Christmas excesses begin to bite on finances - debt advice funded by the Department of Enterprise, Trade and Investment is said to be helping the most vulnerable in Northern Ireland society.
04 August 2004
CAB predicts major debt payment crisis in NI
With the Bank of England poised to raise interest rates tomorrow and court action on mortgage defaults in Northern Ireland up 32% on this time last year, the Citizens Advice Bureau (CAB) has predicted a major debt payment crisis in the province in the coming months.
CAB predicts major debt payment crisis in NI
With the Bank of England poised to raise interest rates tomorrow and court action on mortgage defaults in Northern Ireland up 32% on this time last year, the Citizens Advice Bureau (CAB) has predicted a major debt payment crisis in the province in the coming months.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
