Friday 10 February 2012 | RSS Feed

FLA responds to debt sale warning from OFT

Responding to the OFT's warning on ‘debt sale' scams, Fiona Hoyle, Head of Consumer Finance at the Finance & Leasing Association, said:


23 June, 2009

"The FLA has been working with the OFT and the Ministry of Justice to stop Claims Management Companies making misleading claims, which often leave vulnerable consumers worse off. Unless the lender gives permission, a debt cannot be taken over by any other organisation. Anyone who has a debt problem should speak to their lender, or seek free debt advice from a charity such as CCCS, Citizens Advice or National Debtline."




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