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Commercial Credit News
|Money Advice Service announces new partnership with Stepchange Debt Charity|
|Wednesday, 10 June 2015|
The Money Advice Service and StepChange Debt Charity have today announced a new partnership to help people who may be affected by changes to the debt-management sector.
Following the transfer of consumer credit regulation to the FCA in April 2014, a number of debt management firms have left the market. Existing debt management firms are currently in the process of applying for authorisation from the FCA. During this process the FCA will check that firms meet its standards. While it is not known whether further firms may leave the market, the Money Advice Service has put in place a prudent contingency plan to help any affected clients who may otherwise be left without a debt management provider.
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