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Many Debt Management Companies are Well Below Par, According to Latest Reports

The recent recession has left many people looking for good debt advice on how to cope with any arrears or late payments they may be struggling with. Many people go to online debt management companies to try and get the advice they so desperately need.

Some will be worried at present then, because recent undercover work by the OFT (Office of Fair Trading) has revealed that several companies are failing to give qualified and good quality advice to those who are looking for it. Reports have hastened to add that the majority of companies have not fallen foul of the OFT, but more than one hundred warnings were still issued at the end of September to various companies.

This occurrence will no doubt worry many people who are looking for professional and expert advice at what can be a very stressful time. It underlines the need to go to more than one place to find the advice you need, and also to try and ensure you go to a trusted source.

I think the internet can be a boon and a curse in this kind of situation. It can be easy to find lots of debt management companies in this way, but it can also be problematic because you don’t know how trustworthy and accurate they can be. Even some that are acting with the best intent could be misleading people and giving out the wrong advice.

I think the most important thing is to consider all your options before deciding where to go from here. If you require assistance with your accounts the people at St Matthew can help; simply contact us using the link above.




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Reader Comments (1)

Your article is very well-planned as well as being very intelligent and informative.

September 23, 2014 | Unregistered CommenterDebt management company

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