Debt Management Firms Stopped By FCA
Posted on 21 May 2015
The Financial Conduct Authority (FCA) has stopped three debt management firms from offering debt advice services.
According to Credit Today, the firms, Sterling Financial Security, Haydon Associates Debt Management Services and Clear View Finance Limited failed to comply with requirements put in place by the regulator.
As licensed Insolvency Practitioners we would strongly advise against individuals and directors against seeking advice from these so called 'debt management' firms and welcome the news that something is being done about unqualified firms giving inappropriate advice and services.
To speak with our Insolvency expert please contact our Team in our Bristol office.
It is important to take early advice - whilst all options are still open. The longer matters are left, the less control you will have over the outcome, and the harder it becomes to save a business
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