On the 14th June, the Office of Fair Trading published the Debt Management Guidance document and started a period of consultation with interested parties.
The consultation period ends September 5th.
This OFT consultation document represents the draft guidance for all licensees engaged in the licensable activities of debt counselling and debt adjusting (where the debts arise under consumer credit or hire agreements).This OFT consultation document represents the draft guidance for all licensees engaged in the licensable activities of debt counselling and debt adjusting (where the debts arise under consumer credit or hire agreements). –Office of Fair Trading
This is an important moment for the debt industry and interested parties are invited to voice their concerns and express support for the Guidance before September 5th 2011.
ClearDebt will be publishing their response to the Guidance here on cleardebt.co.uk/blog in the coming weeks.
Download the OFT Guidance direct from the OFT website (PDF) or view/download it from this page.
Full details of how to respond are detailed on the OFT website.
