DCM Nottingham / DCM Money Solutions in administration?

whitecrow

Redknelly, I follow this thread and occasionally contribute along with Grumps and some others. We are not creditors but are appalled by the actions of DCM and try to give what little help we can on occasions. I speak for myself, but I have found most of your contributions an excellent attempt to put some structure and information into a difficult area. I also think your description of what your company is doing, and it is a commercial company and has a duty to make a profit, impressive. I have said before that the graphic presentation of the DCM debt position you made available was excellent and is now included in at least one uni stat course (hope you don't mind). The detailed correspondence with Mike is beyond me, but I have found over the weeks that if Mike has a point to make it tends to be a good one.

I think the main problem you are facing is that what you say and what your company offers sounds excellent, but the credibility of this section has been shot to pieces and you have a long way to go before you can establish a level of trust that would enable many of the DCM victims to deal with a debt management firm again. It needs some effective regulation that works and is seen to work, and I doubt that self regulation will meet the need. You are not alone in this, after the farce of the FSA much of the finance sector is in need of such regulation.

Having said that, and I'm sure Mike would agree, it's good to have your posts and the information they contain, they contribute towards the main function of the thread - to help people in trouble from the DCM disaster.

mikewjones_from_wales

whitecrow wrote: »

Redknelly, I follow this thread and occasionally contribute along with Grumps and some others. We are not creditors but are appalled by the actions of DCM and try to give what little help we can on occasions. I speak for myself, but I have found most of your contributions an excellent attempt to put some structure and information into a difficult area. I also think your description of what your company is doing, and it is a commercial company and has a duty to make a profit, impressive. I have said before that the graphic presentation of the DCM debt position you made available was excellent and is now included in at least one uni stat course (hope you don't mind). The detailed correspondence with Mike is beyond me, but I have found over the weeks that if Mike has a point to make it tends to be a good one.

I think the main problem you are facing is that what you say and what your company offers sounds excellent, but the credibility of this section has been shot to pieces and you have a long way to go before you can establish a level of trust that would enable many of the DCM victims to deal with a debt management firm again. It needs some effective regulation that works and is seen to work, and I doubt that self regulation will meet the need. You are not alone in this, after the farce of the FSA much of the finance sector is in need of such regulation.

Having said that, and I'm sure Mike would agree, it's good to have your posts and the information they contain, they contribute towards the main function of the thread - to help people in trouble from the DCM disaster.

Yes i do agree, andrews post are informative and the one that was removed a reposted the link to where people could find it. It was a shame it was removed.

I also agree with whitecrow that because of DCM trust in the debt management industry to shot to pieces, there has been so much bad press that everyone looking into this course of action is going to run into this story. This will further be demonstrated when the TV shows go out.

It would be better for all concerned both the remaining companies operating in the debt management industry and clients of DCM to work together in getting these rouges exposed and brought to justice so that not all debt management companies get tared with the same brush as they will inevitably will.

Andrew i have a major in contract law as you very well know. Most of what we discussed will not be understood by people on here. We all know what could of, should of occured but the fact is that we are all in position we are now in both us the ex-clients of DCM and the debt management companies.

I reilerate that the debt management companies need to join with the ex-clients of DCM in bringing these people to justice before even more serious damage is done to name of the debt management industry, becaue i doubt we have heard anything like all of what has gone on and a lot more is to be revelled. If your not careful what has happened with DCM will tarnish all debt management companies and it is YOU that will have to pay to install the level of trust back into people not the directors of DCM

There is still a lack of condemnation form the debt industry world on what has happened regarding DCM and the money that is missing presumed spent.

Grumpelstiltskin

Mike I totally agree with you that until the debt management industry gets it's act together and stands up and says 'we will not tolerate rogues and vagabonds ripping vulnerable people off' then no one will believe anything they say.

The FSA are a waste if space so in my mind it's up to the industry to regulate itself.

Don't tell me they don't have an idea what is going on in companies like DCM, the jungle telegraph must be up and running, I mean Debt Dr has gone through since DCM, so 2 in a matter of weeks.

Rednelly, come on let the industry get it's act together and other companies put their head above the parapet.

Shaney

WHAT MAKES DCM DIFFERENT TO OTHER DEBT MANAGEMENT COMPANIES, WELL WE ALL KNOW THE ANSWER TO THAT DONT WE.

Click on "Continue To Video" To Skip Advert..

http://www.metacafe.com/watch/2751324/the_truth_about_debt_management_by_dcm_money_solutions/

Quote " Some Debt Management Companies Have Got A Bad Reputation Out There For Ripping People Off" We Dont Do That...

Yes Mr Baird And I'm Lord Lucan.....

Watching this video makes me sick to the back teeth....What effect does it have on you ?




Long live "Owamya Bin Keepin" the New Al Qaeda Leader From Dudley..

mikewjones_from_wales

Grumpelstiltskin wrote: »

Mike I totally agree with you that until the debt management industry gets it's act together and stands up and says 'we will not tolerate rogues and vagabonds ripping vulnerable people off' then no one will believe anything they say.

The FSA are a waste if space so in my mind it's up to the industry to regulate itself.

Don't tell me they don't have an idea what is going on in companies like DCM, the jungle telegraph must be up and running, I mean Debt Dr has gone through since DCM, so 2 in a matter of weeks.

Rednelly, come on let the industry get it's act together and other companies put their head above the parapet.

Thats the thing that i just do not understand, knowing legislation is coming and given what has happened with DCM Debt Dr the government is going to act in a knee jerk way as they always do.

If i was a debt management companies i would be putting a lot of distance between me and DCM and the only way that they could do that is to liaise with people affected by DCM and help them get the justice. I would then expose all the rouges operating in the industry.

But thats not happening its like an old school tie club.

The first web post by Cleardebt stated that DCM was running things in accordance with debt industry guildeline, when it became evident that something was amiss they changed it. Although i have to concede that they have provided good information since then.

Surely in the industry knew what DCM were upto. Sectors tend to be that close knit.

I cannot believe that nobody knew until after they went into administration

Why were these people allowed to trade, so many warning signs yet so little action

Loser The DCM Clients and nobody else

wheelerr

Hi all,

I have had a letter today to the occupier looking for me in my maiden name. Has anyone heard or dealt with a company called dlc they are based in brackley Northamptonshire.

If I deal with them direct could any one tell me what they have offered companies as payments. I will be starting with what dcm told me they had agreed to pay.

Any advise is welcome, or experiences etc.

Thanks

mikewjones_from_wales

wheelerr wrote: »

Hi all,

I have had a letter today to the occupier looking for me in my maiden name. Has anyone heard or dealt with a company called dlc they are based in brackley Northamptonshire.

If I deal with them direct could any one tell me what they have offered companies as payments. I will be starting with what dcm told me they had agreed to pay.

Any advise is welcome, or experiences etc.

Thanks

can you tell us all the details you have on them

Full name is DLC their name or does that stand for something

what is their full address.

Whom have you spoken to regarding taking your DCM debt forward.

have you spoken to CCCS or any other fee paying companies.

Is your only contact with these people through a letter to your home, if so be careful, word is out that DCM have gone and all the vultures are now circulting.

I have had text messages letters phone calls all about my debt all from people i have never heard of.

mikewjones_from_wales

wheelerr wrote: »

Hi all,

I have had a letter today to the occupier looking for me in my maiden name. Has anyone heard or dealt with a company called dlc they are based in brackley Northamptonshire.

If I deal with them direct could any one tell me what they have offered companies as payments. I will be starting with what dcm told me they had agreed to pay.

Any advise is welcome, or experiences etc.

Thanks

DO NOT ENGAGE THEM OR SPEAK TO THEM

It would appear they are a debt collection company that specialises in upsetting people, not a customer friendly debt management company.

This their Website. Looks like they have the kind of name like CL Finances and are getting a lot of complaints.

http://www.dlcollect.co.uk/
http://www.touchnorthampton.com/business/list/bid/5130438

SEE THE LINK BELOW

http://www.direct-legal-and-collections.dpcregistry.co.uk/

http://www.debthelpuk.co.uk/cgi-bin/forum/YaBB.pl?num=1304605833/2

Grumps, Whitecrow, Fermi what you think???

These boys dont look good do they! Infact they look quite nasty!

and they have an even worse website than DCM did and thats saying something!!

mikewjones_from_wales

mikewjones_from_wales wrote: »

DO NOT ENGAGE THEM OR SPEAK TO THEM

This their Website. Looks like they have the kind of name like CL Finances and are getting a lot of complaints.

http://www.dlcollect.co.uk/
http://www.touchnorthampton.com/business/list/bid/5130438

SEE THE LINK BELOW

http://www.direct-legal-and-collections.dpcregistry.co.uk/

http://www.debthelpuk.co.uk/cgi-bin/forum/YaBB.pl?num=1304605833/2

Grumps, Whitecrow, Fermi what you think???

These boys dont look good do they!

Looks like they are trying to scare people into paying them full sums and not negotiating at all.

Get some advice on your situation, speak to the guys and Gals on here about who to go to.

Oh and you can speak to Rednelly for advice too

whitecrow

mikewjones_from_wales wrote: »

Looks like they are trying to scare people into paying them full sums and not negotiating at all.

Get some advice on your situation, speak to the guys and Gals on here about who to go to.

Oh and you can speak to Rednelly for advice too

I'd give them a miss Mike, don't like them. Stick to the forum people and if you must use a DM firm then I agree, speak to Rednelly first and get some advice from his side. You don't have to take it, but generally the more information the better.