With The OFT Closing 40 Debt Management Companies, Who Can You Turn To For Debt Advice?

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A recent report by the Office of Fair Trading (OFT) has highlighted the risks associated with dealing with some debt management companies. In an unprecedented move, the licences of over 40 debt management companies have or are shortly to be revoked. This is due to the OFT uncovering issues with the relevant compliance of these companies.

Confused Debt and The OFT

...best advice for the consumer is to only utilise resources with an impressive track record of providing excellent advice and guidance...

A recent report by the Office of Fair Trading (OFT) has highlighted the risks associated with dealing with some debt management companies. In an unprecedented move, the licences of over 40 debt management companies have or are shortly to be revoked. This is due to the OFT uncovering issues with the relevant compliance of these companies.

This action provides a stark warning to consumers who, in increasing numbers are turning to debt companies as a potential solution to their increasing debt problems. The problem is, taking into account recent developments, which debt management company can be trusted?

The solution to the problem of finding a reliable and professional debt management company, as many have already found out to their benefit, is to utilise the UK's only debt comparison service, http://www.confuseddebt.com. This engaging and resourceful website has become a peoples champion, by offering a selection of only the most reliable and professional debt management companies available within the UK with a proven track record.

In fact the website is the only online resource which offers a completely unbiased service, in that they do not recommend any particular service, but simply provide a debt comparison of the available options, which includes IVA, trust deeds and bankruptcy advice, all of which is dependant upon the relevant details provided by the visitor.

We have all heard stories of individuals who have been taken advantage of, in a variety of services, whetherby by unscrupulous builders, maintenance engineers and now it appears by some debt management companies, which unfortunately is a sad reflection on some parts of society who prey on those most in need.

The best advice for the consumer is to only utilise resources with an impressive track record of providing excellent advice and guidance and who are able to offer impartial and unbiased advice. Unfortunately with the demise of the CAB service which is being depleted by closures due to lack of funding, the fact remains that within the UK, the only and best solution is the impartial debt comparison service available at http://www.confuseddebt.com.

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Kim Jackson
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