Get Proper Debt Advice

You may have been hit with rising debts and more money worries – unemployment figures are still increasing on a daily basis.  As those figures have increased, so have those of people seeking debt management advice.

But today it has emerged that the Office of Fair Trading is to close down a total of 27 websites who, according to them, are deliberately misleading consumers.  The websites have been accused of using names very similar to free agencies in a bid to give people an impression of a non-profit-making service.

The OFT are urging consumers to be vigilant and thorough when looking for debt advice.  Companies and websites are allowed to charge for their service, but must be in possession of a consumer credit license.  You can check if a company has this by looking at their Terms and Conditions – they may try to be vague in the main pages of the site but are required to put all information with the Terms and Conditions.  They must also adhere with OFT guidelines.

So make sure you shop around and do your homework before taking advice…

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