OFT announces package of measures to address concerns over credit practices

[Legal Beagles]

The OFT has announced a series of measures relating to marketing and charging practices used by credit brokers and debt management companies in response to concerns about their impact on vulnerable consumers.

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[stephen25000]

Re: OFT announces package of measures to address concerns over credit practices

The OFT has announced a series of measures relating to marketing and charging practices used by credit brokers and debt management companies in response to concerns about their impact on vulnerable consumers.

More...

I believe if more and more people complained to the OFT regarding these unscrupulous lenders i.e Capstone/Acenden, then hopefully things will happen about fining them, just like Redstone, Gmac, Deutsche Bank. Because, at the moment they are slipping through the FOS and FSA net, and I don't know why. I have complained to the FOS, emailed the OFT and also my local MP. It is their horrendous hyped up charges/ fees as well as just falling behind slightly with the mortgage payments, they do not want to know about interest only payments but REPOSSESSION. I know as, unfortunately it has happened to me.