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.
We were recommended Byrne Associates and they were very professional at a very difficult time. Ruth explained all aspects of the procedure as well as costs. From the moment we decided to liquidate the company Byrne Associates took all the pressure off the directors. M Parrish (Director )
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