This week, the OFT announced a crackdown on the debt management industry, singling out 129 debt management companies who needed to make improvements or face being closed down.
ClearDebt’s marketing director Andrew Smith spoke on behalf of the Debt Resolution Forum (DRF) to BBC Radio and discussed the issues surrounding the OFT report. You can hear his views as broadcast on Radio 4 and Radio 5 by clicking below:
the quality of advice and the competence of people who give advice is an issue,
that’s why DRF members have to train their staff to the standard of a qualification we introduced just over a year ago – an advanced btec in debt resolution
11% of households in this country have a debt problem, the debt problem is about twice as big as the charitable sector can deal with, so it’s really important that the industry works with the OFT
