Up to date information regarding credit and debt issues.

Moderators: TalbotWoods, JaneClack

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By TalbotWoods
#432083 The Office of Fair Trading have revoked the credit licences of the following companies,

  • First Step Finance Limited (FSF), a large debt management company based in Stockport.
  • Welcome Solutions Ltd (WSL), a Lancashire-based debt management company, who was also trading as 'debtsorters.co.uk'.
  • Manchester-based Debt Connect (UK) Limited (DCL).

If you had or have any form of debt solution with them, please be aware that it is HIGHLY likely that any recent and defiantly any future payments you make to them, WILL NOT BE PASSED ON.

You may be contacted by other companies claiming to be collecting on your creditors behalf, unless you have been told by the creditor that this is the case DO NOT AGREE TO HAND ANY PAYMENT OVER.

If you are concerned about what is going to happen to your debts, we remind you that there are three organisation in the UK that can offer you free, completely confidential, personal and impartial advice on your money worries.

PayPlan: Is a national organisation with approaching 20 years of experience in dealing with all kinds of financial situations, no matter how bad they are.
Their advice and help starts with a simple phone call to 0800 280 2816

NDL: Is an organisation that advises you on solutions that are available to you, you can contact them on 0808 808 4000

StepChange (formerly CCCS) Is an organisation that advises you on available solutions with your financial problems. You can contact them on 0800 138 1111

Remember you can also ask questions on the DebtQuestions Forum where you can ask questions, and where you talk to people who have been through financial problems themselves. You can also use our bespoke Ask the Expert Facility.