A damning report by the OFT says that many debt management companies are exploting their customers in the UK.
According to the Telegraph: More than half of debt management companies face being closed down. They highlighted: the most common concerns included companies failing to disclose a fee - suggesting the service is free when it is not – and the poor advice provided by advisers.
According to the BBC:
Some debt management firms are posing as charities and are aiming to make money from vulnerable people, the Of
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