With demand for mortgage debt advice at an all time high, Housing Rights Service says a task force is needed urgently to tackle the problem of repossessions. This follows publication of the latest Court Service figures which show the number of actions for possession have increased 33% in the last five years.
A report into how credit unions are serving low-income communities in Northern Ireland is being launched later today. The study “Towards Financial Inclusion, the expansion of credit union financial services for low-income households” has been commissioned by Housing Rights Service out of concern about increasing use of high-cost lending amongst low-income households and the crippling impact this lending is having on families.
