First Step Finance about to lose Licence for debt management services?
The storm is coming, as predicted there will be many companies going under this year due to non compliance issues and bad advice given to consumers. On the 6th of December this year the Office of Fair Trading have put a marker against their credit licence that they are due to remove it to close the business down. Please read the link here... http://www.debtmanagementtoday.co.uk/newsstory?id=1135&type=newsfeature&title=debt_management_company_faces_oft_closure For any consumers currently with First Step Finance seek alternative advice before it could be too late.
Public Comments
- Debt companies could lose their licence for misleading advertising and poor advice. Unlike free debt-advice charities like the Consumer Credit Counselling Service, Money Advice Trust or Citizens Advice Bureaux, these debt management firms can often cost more than consumers’ existing debts. Firms will find that their licence can be revoked if they give advice that is not in the best interests of the consumer, or indeed, show an unwillingness to change their habits in their wish to mislead customers. For more Information visit : http://www.gemstonefinancial.co.uk/
