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Homebuyers – Debt Management Companies Retain Cash

Jun 6

06/06/2011

A BBC investigation has uncovered some unsavoury practices in the debt management industry, including some companies holding the money they receive from clients instead of paying creditors. Affected families already heavily in debt are now thousands of pounds worse off than before. This practice has been condemned by the Office of Fair Trading, and a senior member of the debt management sector has stated that 10,000 people could be affected. Some or all of the money could be lost if a company shuts down and client money was not held in protected accounts.

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For a quick house sale valuation, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell house quickly response extremely quickly.

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