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There is a god, 1st Credit gets a SERIOUS slap from OFT - Re Stat Demands etc


Curlyben
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I have only just found out about this. What fabulous news. :)

 

Interesting point I discovered when looking into this further I discovered that....

 

Not only in Alan Milburn (lined up by David Milliband as Chancellor during his oh so brief leadership tussle) on the advisory committee (read influencer and arm twister) of Bridgepoint the VC company that actually own 1st Credit BUT ... and this is where it gets really interesting...so is Sir James Crosby, the once Chair of HBOS and the now infamous ex Head of the FSA as appointed by dear old Gordo himself.

 

Now surely this is super embarrasing for both these given the OFT's quite gargantuan (by its standards) slap on the wrist of 1st Credit. Questions should be asked.

 

FF

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Fuzzy if you do another youtube could you mention the involvement of Milburn & Crosby in 1st Credit

 

Can you PM me all the details and I'll see what I can do.

 

I'll also be recording any tv news stories I can find out DCA's, so if anyone has any links to videos posted online that may be useful. I'm sure also the next few episodes of watchdog might uncover some goodies too.

 

Once I have some good source material to work with, then I can have a good play with the editing software and produce a fuzzybobbled view of reality.

These are video links to show how I deal with Debt Collectors.

 

Fly fishing for C.A.R.S

http://uk.youtube.com/watch?v=zPtzK8FqE6k&feature=related

 

Frederickson International don't accept my card type

http://uk.youtube.com/watch?v=eiZBULlWW6Q&feature=related

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That You and Yours feature is only online for a limited time and it's either 28 days or until the 28th of this month. I would capture that immediately.

 

BREAKING NEWS!!!!

 

Just popped back to add this...marvellous getting on a high so much good news around.

 

http://www.credittoday.co.uk/news/news-item.cfm?news=1015

Edited by Rhia
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BREAKING NEWS!!!!

 

Just popped back to add this...marvellous getting on a high so much good news around.

 

Credit Today online

 

 

In re the story about Aktiv Kapital, I note that:

 

... in the last week the UK company’s director of trace and compliance and its director of people and development have both resigned.

 

Apart from the stunning news that Aktiv actually had a compliance manager, the words 'sinking', 'ship' and 'rats' spring to mind...

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Seems strange that the festering organ that is the CSA website (is there a H missing) has totally failed to mention the activities of its president. Considering the number of breaches of the CSAs own guidelines it would seem that if the CSA existed in the real world his position would be untenable.

 

I think I shall contact Lord Gnome to see if he would like to do a little piece in his illustrious organ.

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That You and Yours feature is only online for a limited time and it's either 28 days or until the 28th of this month. I would capture that immediately.

 

BREAKING NEWS!!!!

 

Just popped back to add this...marvellous getting on a high so much good news around.

 

Credit Today online

 

 

OOER:eek: I'm on a high & me heed's spinning..........can't take much more good news...............need a beer:D

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Can you PM me all the details and I'll see what I can do.

 

I'll also be recording any tv news stories I can find out DCA's, so if anyone has any links to videos posted online that may be useful. I'm sure also the next few episodes of watchdog might uncover some goodies too.

 

Once I have some good source material to work with, then I can have a good play with the editing software and produce a fuzzybobbled view of reality.

 

 

Fuzzy check out Funky's post 102

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They probably had to redesign their website & cut all the carp out of it......they were left with their address:D

 

That's all they need. Where the receivers need to travel when the time comes.

These are video links to show how I deal with Debt Collectors.

 

Fly fishing for C.A.R.S

http://uk.youtube.com/watch?v=zPtzK8FqE6k&feature=related

 

Frederickson International don't accept my card type

http://uk.youtube.com/watch?v=eiZBULlWW6Q&feature=related

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Luckily I still have the 1st Credit video off their site. Where you can hear *** ******* saying, "we adhere to all legislation...." YEAH RIGHT.

 

That clip would look good with some scrolling pork pies added to it. :D

These are video links to show how I deal with Debt Collectors.

 

Fly fishing for C.A.R.S

http://uk.youtube.com/watch?v=zPtzK8FqE6k&feature=related

 

Frederickson International don't accept my card type

http://uk.youtube.com/watch?v=eiZBULlWW6Q&feature=related

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See what you mean Cerb, they've added to the article.

Wonder who the 'spokesman for 1st Credit' was?:p

Oh deary deary me. Credit Today,

"The Magazine for Credit Professionals"

 

Nathoo is also president of the Credit Services Association, which recently met government to discuss its concerns about debt collection practices. CSA executive director Kurt Obermaier said 1st Credit was working with the OFT to address the problems. "It can happen to any company. It doesn’t mean to say the company is a bad company or the president is a bad president," he said.

 

The OFT is believed to be looking at several other companies in the debt collection industry.

 

A spokesman for 1st Credit said: "We have an ongoing and positive dialogue with the OFT as we seek constantly to improve our business practices and ensure that the highest standards are met and exceeded.

 

"We have since late 2008 made improvements in our training and processes in all of the areas highlighted and suggested proposals in response to the OFT requirements which were accepted by them."

 

He added: "We continue to seek to improve our processes and welcome the recognition by the OFT of the constructive approach that we have taken in response to the matters raised."

We will not be intimidated.

'The pen is mightier than the sword'.

Petition to Outlaw Debt Sale and Purchase

- can't read/post much as eye strain's v.bad.

VIVA CAG!!! :)

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Nathoo is also president of the Credit Services Association, which recently met government to discuss its concerns about debt collection practices. CSA executive director Kurt Obermaier said 1st Credit was working with the OFT to address the problems. "It can happen to any company. It doesn’t mean to say the company is a bad company or the president is a bad president," he said.

 

 

 

Spin worthy of Tony Blair.

 

David

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Nice one ODC. Another mugshot for the fuzzybobble DCA hall of shame.

These are video links to show how I deal with Debt Collectors.

 

Fly fishing for C.A.R.S

http://uk.youtube.com/watch?v=zPtzK8FqE6k&feature=related

 

Frederickson International don't accept my card type

http://uk.youtube.com/watch?v=eiZBULlWW6Q&feature=related

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