Paying for debt collection advice?

NZ Blacklist www.nzblacklist.co.nz Online debt collection solutions

A recent stroy from the UK shows that people may be paying for debt advice which could possibly be available for free through outher sources. Please see our free links for debt advice on NZ Blacklist by clicking here.

Story:

People in debt are being charged for advice that they could be receiving for free, according to an industry insider.

Jessica Brown, a spokesperson from talkaboutdebt.co.uk, said that research by the company showed that up to 48 per cent of people in debt have paid money for advice on how to resolve their situation.

She described those in severe financial situations as a vulnerable group who needed to be given the right support and – considering their circumstances – it should be free of charge.

“We completely support any steps by the government to provide better protection for indebted consumers, with our recommendation being the implementation of an industry code of practice,” said Ms Brown.

Last week, the government published a consultation paper called Debt Management Schemes, which will review solutions for both creditors and debtors.

Ms Brown expressed her delight that central government has decided to look into the problem of firms charging people for debt advice.

Debt Collection, Debt Collectors, Bad Debt Recovery, Terms of Trade, Credit Reporting, Legal Services, Skip Tracing, Tracing and Investigative Services