Rise in people facing Bankruptcy

Rise in people facing Bankruptcy

Assessment

Interactive Video

Business, Social Studies, Life Skills

9th - 10th Grade

Hard

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The video discusses Sue's negative experience with a debt management company, where she ended up owing more due to added interest. An investigation reveals that many people using such companies face similar issues, with fees collected before creditors are paid. Citizens Advice calls for stricter regulations, highlighting unacceptable practices like cold calling and front-loading charges. The FCA is set to take over consumer credit regulation soon, but immediate changes are uncertain.

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1 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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