New debt rules threaten homes of thousands

Sarah Coles
credit card and piggy bank
credit card and piggy bank

New rules for people in debt have come into force, which could leave hundreds of thousands of people in the UK at risk of losing their home over debts as small as £1,000. And these aren't mortgages or other 'secured' loans: they include things like payday loans and credit cards.

So what are the rules, and what are the risks?