MSE News: Citizens Advice bids to ban rogue debt firms

This is the discussion thread for the following MSE News Story:

"Vulnerable people are being tricked into handing over cash by rogue credit brokers and debt firms, a charity warns ..."

Comments

  • plod123
    plod123 Posts: 1,412 Forumite
    Seems like they have a conflict of interest there.
    He who is not really annoying will hardly feel the pressure of age, but to him who is of an opposite disposition youth and age are equally a burden. Plato.
  • lvm
    lvm Posts: 1,544 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    Hope these companies get what's coming to them! I've been getting calls from Gemstone who call and tell me they want to speak to me about an application I made!! Having read their website they want to take a fee of about £90 over 2 months then £45 a month when our debt management plan is started!

    Absolutely ridiculous!
  • Butti
    Butti Posts: 5,014 Forumite
    First Anniversary First Post
    Can't we send Ashley Cole in to 'talk' to them.

    B
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  • plod123
    plod123 Posts: 1,412 Forumite
    They also want our stories too

    Here is mine

    Well there I was working hard paying my tax, when some geezer decided to give millions of tax payers money to some jumped up charity.

    They don't want their Government Gravy Train ruined by private companies so try and get them banned.

    Nice work if you can get it eh?
    He who is not really annoying will hardly feel the pressure of age, but to him who is of an opposite disposition youth and age are equally a burden. Plato.
  • davidgmmafan
    davidgmmafan Posts: 1,459 Forumite
    First Post First Anniversary Combo Breaker
    I really hope post 5 is trolling. If it were serious I would point out that CAB helps people, thus saving the government money in things like housing, crime etc etc.

    Also the issue here is companies aren't actually doing anything. They are charging a kind of application fee - money for nothing! Whilst I agree the victims bear some responsibility if they are deperate or impaired in some way its simply unacceptable for them to be taken advantage of in this way.

    There is one thing I'm confused by in the article, it refers to bank details. It must be their card details as if it was just bank details that would be a direct debit which the account holder could claim back under the direct debit guarantee surely?
    Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    Combo Breaker First Post
    plod123 wrote: »
    They also want our stories too

    Here is mine

    Well there I was working hard paying my tax, when some geezer decided to give millions of tax payers money to some jumped up charity.

    They don't want their Government Gravy Train ruined by private companies so try and get them banned.

    Nice work if you can get it eh?
    You clearly have no idea what CAB do, do you?
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    Combo Breaker First Post
    plod123 wrote: »
    Seems like they have a conflict of interest there.
    Having worked with clients who have been totally ripped off by such companies, I can reassure there is definitely no conflict of interest.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • plod123
    plod123 Posts: 1,412 Forumite
    I really hope post 5 is trolling. If it were serious I would point out that CAB helps people, thus saving the government money in things like housing, crime etc etc.

    Believe the hype if you wish, accusing someone of trolling because they have a different take on things is, well, trolling really!
    He who is not really annoying will hardly feel the pressure of age, but to him who is of an opposite disposition youth and age are equally a burden. Plato.
  • plod123
    plod123 Posts: 1,412 Forumite
    edited 6 March 2011 at 11:17PM
    You clearly have no idea what CAB do, do you?

    Oh but I do - a very in depth knowledge actually, what would you like to know?

    Lets hope this applies to the CAB as well,

    "R3 has called for DMP providers to be regulated by the Insolvency Service and to the same standards as insolvency practitioners so as to deter bad practice."
    He who is not really annoying will hardly feel the pressure of age, but to him who is of an opposite disposition youth and age are equally a burden. Plato.
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