Millions of people concerned about their debt are celebrating a successful 'life saving' campaign led by Martin Lewis and the Money and Mental Health Policy Institute charity.
The Money Saving Expert, 48, has revealed the Government have agreed to change the law to protect those who owe money.
Warning letters sent to people falling seriously behind are to be toned down - with the aim of making them less "thuggish".
Demands will soon not be as intimidating, with improved language aimed at causing less distress.
Martin believes the debt collection victory 'could save lives' after law changes were pushed through.
Over 100,000 attempt to take their own lives every year when financial concerns become too much.
The TV star says millions are suffering because of owed cash - with mental health issues at an all-time high due to the pandemic.
With so many struggling because of the coronavirus, Martin says the timing could not be better.
“It’s no exaggeration to say that this change could save lives," Martin said after confirming Government backing.
"Over 100,000 in England attempt to take their lives each year due to debts, and four times that consider it.
"So we’re delighted the Government has agreed to back this element of our campaign and change the default demand rules."
Economic secretary to the Treasury John Glen said: "These new rules will help to take the fear out of finance by ensuring that letters are easier to understand, less threatening, and empower people to take control of their finances."
The way those struggling with their money are approaching is to change forvever.
Outdated rules in the Consumer Credit Act (1974) force lenders to send intimidating letters to people who are seriously behind on debt payments.
These letters have to include large blocks of threatening and confusing language, written in capital letters.
Martin joined forces with the Money and Mental Health Policy Institute to protect those in debt from further intimidation.
They could come into force by the end of 2020, it is hoped.
"The changes will make the most distressing debt letters much less intimidating," he adds.
"Crucially they will also easily and calmly point people in serious debt to get the free, non-profit, debt advice they need."
Eric Leenders, managing director, personal finance at UK Finance said: "The banking and finance industry understands the impact that debt can have on a customer's wellbeing.
"It has been working closely with Government to help support customers, especially those in vulnerable circumstances.
"Lenders have to send default notices and these important changes announced today will ensure that customers receive more appropriate and supportive communications."