Peoples homes are being put at risk over debts as low as £600 according to the Office of Fair Trading (OFT). The OFT has found that some lenders have been telling their customers to pledge their homes against non-mortgage debt before using charging orders to recoup the money. Charging orders are a legal way for [...]
Posts Tagged ‘oft’
Recent News Regarding Debt Management Firms
You may have seen or heard the news this week that the Office of Fair Trading (OFT) has issued warnings to 129 debt management companies over their business practices. Some debt management firms exploiting people in debt – BBC News We are pleased to confirm that Spencer Hayes is not one of the companies under [...]