Mortgage Rescue Scheme slammed as just 6 families helped in 6 months

Brokers branching out and regaining business

Another claims management firm warned by ASA

Unions condemn Lloyds as 2,100 further jobs are slashed

4th July 2009

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DMTSurvey

HAS THE CREDIT CRUNCH FORCED YOU TO DIVERSIFY YET?
Leading debt management provider, EuroDebt and Debt Management Today aim to track the impact of the credit crunch on the consumer finance market.

Mortgage Rescue Scheme slammed as just 6 families helped in 6 months
Wednesday 1st July 2009
The Government’s £280 million scheme launched at the beginning of this year to help struggling homeowners...

Brokers branching out and regaining business
Wednesday 1st July 2009
With no recovery visible on the housing...

Another claims management firm warned by ASA
Wednesday 1st July 2009
Last week, the Advertising Standards Authority...

Unions condemn Lloyds as 2,100 further jobs are slashed
Wednesday 1st July 2009
Unions have reacted furiously to the...

TrigoldCrystal adds debt management module to sourcing system
Wednesday 1st July 2009
TrigoldCrystal is releasing a new debt...

Ministry of Justice warns of misleading market statements made by claims management firms

Businesses that mislead the public by claiming they can arrange for unpaid loans, credit card debts or other consumer debts to be written off have been told to stop or face action Justice Minister Bridget Prentice said today, as new guidance was issued by the Ministry of Justice. The guidance highlights misleading statements in adverts making dubious claims or leaving out important information which might breach consumer protection regulations. Businesses making these statements could face enforcement action by the Ministry of Justice which might ultimately result in authorisations being removed. Justice Minister Bridget Prentice said: 'Vulnerable people facing debt problems need help and support. We have produced this guidance to protect innocent customers from being misled by businesses advertising easy and quick arrangements for outstanding loan, credit card and other similar debts to be written off and compensation to be obtained. 'We would urge anyone who is considering using a business offering such services to think carefully and seek independent advice before making any final decisions. 'This guidance is also an important reminder to businesses about the...

BrokerAlert

At Debt Management Today, we have received a flood of enquiries from brokers about the emerging claims management sector. Some are curious, many others are mistrustful and now the Ministry of Justice has released a statement specifically targeting introducers, warning them to exercise caution in dealing with these firms. The Ministry of Justice has previously warned claims management firms about the use of misleading market statements, including phrases like: “80% of credit...

DMTSurvey

HOW IS BUSINESS FOR YOU? Have the tumultuous conditions of the last 12-18 months affected your business? Have you diversified to create new revenue streams? Have you had to make any radical changes to your business organisation? EuroDebt and Debt Management Today would be grateful if you could take a few minutes to complete a short survey to help them look at the impact of the credit crunch...

DebtExpert

Kevin Still

Kevin Still - Personal Profile Kevin graduated with a Joint Honours in Mathematics & Computer Science. Kevin’s 23-year career has developed from IT to directing and...

Andrew Sharp

Anthony Sharp runs his own consultancy business - Anthony Sharp Associates. The company formed in 1999 specialises in training, compliance issues, liaison consultancy and general...