Tag Archives: Individual Voluntary Arrangement

Many debt firms make financial problems worse, warns OFT Financial Advice, Latest Articles

Debt management firms can make financial problems worse for those that owe money by giving poor advice and misleading consumers by claiming to offer free services while taking hidden fees.

The Office of Fair Trading (OFT) has warned 129 firms that their credit licences will be withdrawn if they do not show immediate action has been taken to relieve concerns about the way they work and to improve standards. Continue reading Many debt firms make financial problems worse, warns OFT


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