Here at ClearDebt we have been saying for some time that Individual Voluntary Arrangements) (IVAs) have become the procedure of choice for those people who have debts they can’t pay and a regular income to enable them to make contributions…
Continue reading the "The rise and rise of the IVA: Latest insolvency debt statistics" »
The debt solutions industry has seen some radical, Financial Conduct Authority (FCA) enforced changes to regulation come into place since 1st April 2014. Some commercial debt management companies will no longer be authorised to offer debt management plans (DMPs) or advice. In…
Continue reading the "What if my debt management company stops trading?" »
Another batch of debt management companies bite the dust as the FCA impose their authority and urge customers to stop making payments. Not 24 hours after reporting requirements imposed on Bournes Debt Solutions by the FCA, the regulator, today (18…
Continue reading the "Three debt management firms bite the dust" »
The industry regulator for the debt management sector, the Financial Conduct Authority (FCA), has imposed a requirement on Bournes Debt Solutions. The regulator has put in force that the firm’s bank accounts cannot be dealt with in any way without…
In Reply to Graham Hiscott, Daily Mirror
Continue reading the "The Debt Management Plan Protocol – Really a Higher Standard?" »
Allegedly, more debt management client money has gone missing from supposedly ring-fenced client accounts in the failure of Smooth Financial.
Continue reading the "Keeping Clients Money Safe – An “Audit” Is Not Enough" »
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