UK Finance response to the HM Treasury consultation – Statutory Debt Repayment Plan

UK Finance has responded to the HM Treasury Consultation on the Statutory Debt Repayment Plan. The SDRP is the second part to the Government’s Debt Respite Scheme. Breathing Space, which provides people in financial difficulty with time to seek debt advice was launched in May 2021. The SDRP, when launched, will provide a debt solution where consumers can combine their debts into a single payment plan.