Three debt management firms have been targeted by the Office of Fair Trading as their standards have not been met.
What was once known as the 'UK Insolvency Helpline' can no longer trade on using this name. Money Advice Direct has been told by the Office of Fair Trading that it can no longer trade under the 'UK Insolvency Helpline' name as it could confuse potentials clients in regards to the commercial nature of the business.
Two other firms have also been targeted by the OFT.
The Director of Consumer Credit at the Office of Fair Trading has announced that if debt management companies do not meet their standards the OFT will take action against them.
