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Deep Dive

Section 75 & Chargeback Explained

• Section 75 protects credit card purchases between £100–£30,000 • Chargeback applies to debit and credit cards • Section 75 creates joint liability between lender and retailer • Chargeback is a voluntary card scheme process • Always raise disputes as soon as possible

28 May 2026
Deep Dive

FCA Authorisation Explained

• FCA regulates financial firms in the UK • Authorised firms must meet conduct rules • You can check the FCA Register • Authorisation provides complaint rights

28 May 2026
Deep Dive

Cooling-Off Periods Explained

• Online purchases usually have 14-day cancellation rights • Financial products may have 14 or 30 days • Some goods (e.g. personalised items) are excluded • Must notify retailer clearly • Written notice usually required

28 May 2026
Deep Dive

Breathing Space Scheme Explained

• Breathing Space pauses most creditor enforcement for 60 days • Interest and charges are frozen during protection • Must be arranged through an authorised debt adviser • Mental Health Crisis Breathing Space has extended protection • It does not write off debt — it provides temporary relief

28 May 2026
Deep Dive

Debt Management Plans Explained

• A DMP is an informal agreement to repay unsecured debts • You make one affordable monthly payment • Interest and charges may be frozen (but are not guaranteed) • DMPs affect your credit file • Free regulated providers are available

28 May 2026
Deep Dive

Priority vs Non-Priority Debts Explained

• Priority debts carry serious legal consequences • Rent, mortgage, council tax and energy are usually priority • Credit cards and loans are usually non-priority • Protect housing and utilities first • Free debt advice can help prioritise correctly

28 May 2026