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silverfox1961

FCA warning to customers of Sterling Finance/Haydon Associates/Clear View

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I happened across this today.

 

The Financial Conduct Authority (FCA) is warning customers of three debt management firms to check their debt situation with their creditors and find out exactly what they owe. The debt management firms are Sterling Financial Security Limited (Sterling), Haydon Associates Debt Management Consultants Limited (Haydon) and Clear View Finance Limited (Clear View). All three firms are based in Lichfield.

 

http://tinyurl.com/nf86m22


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http://www.consumeractiongroup.co.uk/forum/showthread.php?446360-FCA-removes-permission-of-three-debt-management-firms

 

Very bad news for those who had DMPs with these companies. Only 10p in every £ was going to pay down their debts :(


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Seems the newsbot is 24 hours behind a real person :madgrin:

 

Very bad news indeed. How many non CAGgers will know about this. I have no idea whether the DMCs involved will contact them.

 

Let this be a warning for others thinking of using a commercial DMC. Plenty of free help out there.

 

90p in the pound going to the DMC! Outrageous.


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Surely if the clients weren't told of this rate, they can claim some of it back.

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