ClearDebt’s response to the Office of Fair Trading’s consultation on new debt management guidance.
We’ve published, below, ClearDebt’s response to the Office of Fair Trading’s just closed consultation on new guidance for debt management companies and charities.
Those of you who also read the Debt Resolution Forum’s (DRF) response will notice many similarities.
The two documents have been principally authored by the same people and the issues are, broadly, those on which most debt resolution companies would agree (in the case of the DRF response, the views of members have been incorporated too).
ClearDebt’s principal concerns lay in creating a level playing field between fee-charging and non fee-charging providers and also in the industry’s future freedom to market itself (ethically and transparently) on the internet. This topic is discussed in more detail in a recent article in the Daily Telegraph and in a response by our colleague and web marketing consultant, Paul Gailey which you can view here: Response to the OFT Debt Management Guidance.
The OFT consultation document can be found here.