The Treasury has announced that debt collection letters are archaic as the rules that state warning letters should be written in bold type and / or capital letters have been in place since 1974.

However, after a campaign by the Money and Mental Health Policy Institute, who have argued that in their current format these letters aggravate mental health issues, the Treasury have agreed that these letters should be less aggressive in the future and the rules are set to change in mid 2021.

It is estimated that around 100,000 people with problem debt attempted suicide last year and that figure is set to rise because of the pandemic.

Our advice for anybody with overwhelming debt is to seek advice as early as possible.