Regulatory change
Whitepaper: the statutory debt repayment plan, what next?
Steve Coppard, Director of Debt Policy and Strategy ·
UK
The Statutory Debt Repayment Plan was designed to fill a gap in the UK debt support landscape. What it means in practice for creditors is still being worked out.
Director of Debt Policy and Strategy, arum
DOWNLOAD WHITEPAPER
The Statutory Debt Repayment Plan (SDRP) has been designed by the UK Government to fill a perceived gap in the range of debt support programmes and solutions currently available.
Whether there is a gap that needs filling, and whether SDRP can provide meaningful benefit to a segment of consumers in financial distress, has provoked extensive debate within the debt industry and beyond.
As the UK's leading provider of independent advisory and professional services to collections and revenues teams across the private and public sectors, arum has a unique lens through which it can view and contribute to this debate.
This whitepaper is a distillation of arum's perspective on the potential impact, benefits, and challenges of SDRP as it is currently proposed.
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