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The OFT (Office of Fair Trading) reported that 35 debt management firms have voluntarily surrendered their licences to practice consumer credit while another 15 are facing action against their licenses. Warnings were issued to a total of 129 firms as OFT reviewed the debt management sector which were only allowed until the middle of last December [...]  Many debt management companies across the country are in danger of losing their licenses if they don’t soon comply with OFT guidelines. Around 129 companies have just three months to prove that they are addressing and resolving problems. This news became available through a recently released report from the Office of Fair Trading. One of the [...] |
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