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Debt Mnagement Archives - Bankruptcy UK

OUR TEAM ARE AVAILABLE NOW TO HELP WITH COMPLEX INSOLVENCY ISSUES

 

Personal Debt Helpline

Personal Debt Helpline

Personal Debt Helpline lost its trading licence, meaning that up to 17,000 clients paying into their Debt Management Plans have been taken over by a rival company.

The service received by these clients is questionable and most clients will have lost trust and faith in the debt management plan. It may be likely that you have been mis sold your debt management plan and you may very well be in a far worse position than you were when you entered the arrangement.

The Financial Conduct Authority  found the company were applying spurious debt management services that were not in the clients best interests. If you have been in a debt management plan with Personal Debt Helpline and are worried about whether you are in the correct debt solution, call us for a chat and we’ll review your circumstances.

It is no surprise that a high proportion of Debt Management Companies have run into difficulties.

They don’t meet the criteria regarding the standards of service.

Apart from Personal Debt Helpline, there are many other debt management companies whose directors are looking to exit because of the risk of being sued for Mis selling Debt Management Plans.

We will be able to assist you with making a claim against the Financial Services compensation scheme. The claim itself could take between 7-12 months. But would be worthwhile making the application for.

If your circumstances are in a mess because of Personal Debt Helpline failure then as frustrating as it is we need to start again with a fresh fact find and income and expenditure and consider what moves you are able to make from your current position.

If you are considering bankruptcy, we will help you throughout the process and submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 to speak about your circumstances.

 

 

Bankruptcy UK

Bankruptcy UK