Monday, December 10, 2007

Debt Collectors Facing Clampdown

We’ve discussed already in this Debtsolver blog, the issues surrounding the mis-selling of debt repayment insurance, currently under investigation by the Office of Fair Trading (OFT). Another scandal that’s facing the UK, involves the murky practices surrounding the behaviour of some debt collectors. Independent debt collectors are sometimes contracted by creditors, in order to recover bad debt from clients. Since personal debt in the UK exceeded the £ 1 trillion pound mark, attention is increasingly being focused on the issues faced by individuals in debt, and the many companies and services that have sprung up to deal with them. The number of licensed debt col View the rest of this article


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