BUDGET NEWS – Extending debt Breathing Space
In last week's budget the Chancellor announced that The Breathing Space Initiative is being extended from 6 weeks to sixty days which equates to about eight and a half weeks. This scheme aims to give creditors a period of time free from fees, charges and collections activity while they are…
The National Audit Office Report
The National Audit Office” report out on 6 September 2018 says that there are 8.3 million people struggling with personal debt in the UK, other worry factors include: 40% proportion of reported debt problems in 2017-18 relating to debts owed to government, up from 21% in 2011-12 £15 billion total…
VRS – News letter September 2018
Keeping you informed about recent events and developments within the VRS and how we are helping vulnerable people to make organisations aware of their circumstances. As the Vulnerability database builds in volume, we thought it would be useful to check out where the most registrations were coming from in the…
19 Billion owed in everyday bills
£19 billion owed in everyday bills, as Citizens Advice reveals it helps 1 person every 3 minutes with bailiff issues Citizens Advice is calling for better regulation of unaccountable bailiff firms as it reveals households have fallen behind on their essential bills, such as council tax and utilities, by an…
Vulnerability in the Energy Sector
Vulnerable customers – do we need them, or do they need us? It is clear that anyone who is vulnerable needs someone to help them. Is it as simple as offering those who are vulnerable some form of help? Or is that an oversimplification? The question being pondered by Energy…
Data sharing and vulnerable customers
In 2017 The Vulnerability Registration Service was approached by the Personal Finance Research Centre at The University of Bristol to take part in an expert interview to assist valuable research into the link between financial difficulty and mental wellbeing. The research report was published in April 2018 in an article…
VRS – News Letter July 2018
Welcome to the latest Vulnerability Registration Service (VRS) Newsletter to keep you informed about recent events and developments within the VRS and how we are helping vulnerable people to make organisations aware of their circumstances. “VRS is a new initiative to address vulnerability in an independent way but taking a…
Monzosocial Media
You may have read our recent article on the VRS website about gambling (https://www.vulnerabilityregistrationservice.co.uk/have-you-noticed-an-increased-number-of-online-gambling-adverts-during-the-world-cup/). The British gambling industry has ballooned in size over the past decade, thanks to the growth of online games and the liberalisation of gambling laws. The Gambling Act 2005, which came into force in 2007, opened…
VRS is a vehicle to help organisations
The Vulnerability Registration Service (VRS) is a vehicle to help organisations to protect vulnerable individuals should they apply for financial services or if their circumstances need highlighting when dealing with organisations with which they already have financial agreements. VRS has been developed having taken into consideration the high level of…
Some very positive news for those people interested in Vulnerability
Last week we saw the publication of the Financial Conduct Authority’s (FCA’s) response to its Consumer Approach consultation which contained some very positive news for those people interested in Vulnerability. First of all, the FCA stated that it will be retaining it's original definition of a vulnerable consumer as ‘someone who, due to their…
