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READ MOREBorrowers on payment holidays to receive 'thuggish' debt letters
Millions of households that have taken payment holidays on their mortgage or other debt during the pandemic are likely to receive “thuggish” debt threat letters in coming weeks as lenders are legally required to issue the warnings.
Martin Lewis, the TV presenter and chair of the Money and Mental Health Policy Institute, is behind a campaign to halt the threatening letters, which stem from rules in the Consumer Credit Act (1974) that compel lenders to send a warning once a borrower has failed to make two payments in a row.
Read more at the Guardian.
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