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Debt plan firms failing the vulnerable, says FCA – BBC News

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    Debt plan firms failing the vulnerable, says FCA – BBC News

    Advice provided by some fee-charging debt management firms is “unacceptably” poor, the City regulator has concluded.Examples included a debt plan that would take 125 years to pay off, the Financial Conduct Authority (FCA) said.Debt management firms gather all of a customer’s debts and pay back the creditors on their behalf, taking a fee each month.A... Read more »
    Read More -> Debt plan firms failing the vulnerable, says FCA – BBC News


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