DCM Nottingham / DCM Money Solutions in administration?

maggiesaes

mikewjones_from_wales wrote: »

UPDATEXXXXUPDATEXXXXXUPDATE

Just to let you all know.

Have BBC interview this friday for the Xray programme they are talking to watchdog and to rip off Britain. I will let you know of when the programmes are due to go out on air

Shane is taking to radio 4 about a programme on there.

I am talking to BBC news 24 with regards to a programme on there also.

Although things are quiet at the mo doesnt mean that shaney and me have stopped.

We are in the process of taking this to the next level.

i wil keep you all informed

Many thanks to you and Shaney Mike for all your efforts.

wildlife

Hi All,

I have not been on since I first posted awhile ago. I did'nt feel very happy that my post had been put on Clear debts forums, blogs etc. As I just thought I had just mailed on here. Still its done now.
I think my husband may join your forces as it was him not me who had the dealings with DCM over the years.
Regards Wildlife.

Phelpsie001

Apex Debt Counselling & Management Limited (the Company) – in Administration
Gordon Johnston and Alan D Fallows of hjs recovery were appointed Joint Administrators of the Company on 2 March 2011 by the director. Clients and creditors will shortly be receiving notification of the administrators’ appointment by post.
The client database has been sold to ClearDebt Group plc a debt resolution specialist to conduct a no obligation review of client’s files. Please contact ClearDebt Group plc directly on 0800 612 3318 or 0845 120 1040 for further information.
The Administrators are currently formulating proposals which will be sent to creditors and clients in due course. No further information is available at this time.
Should clients or creditors wish to contact the administrators they should do so in writing to:
hjs recovery, 12-14 Carlton Place, Southampton SO15 2EA for the attention of Michael Hall or alternatively by e-mail to [EMAIL="apexdcm@hjsrecovery.co.uk"]apexdcm@hjsrecovery.co.uk[/EMAIL].
For and on behalf of
APEX DEBT COUNSELLING & MANAGEMENT LIMITED

mikewjones_from_wales

wildlife wrote: »

Hi All,

I have not been on since I first posted awhile ago. I did'nt feel very happy that my post had been put on Clear debts forums, blogs etc. As I just thought I had just mailed on here. Still its done now.
I think my husband may join your forces as it was him not me who had the dealings with DCM over the years.
Regards Wildlife.

Wildlife,

I too was not happy that rednelly cut and pasted your post and put it his blog, something i took up with him.

I told him it was clearly unacceptable for him to do this without the prior consent of the person concerned. He has assured me that there will not be anyother instances of cutting and pasting without consent from the poster.

To everyone else this is what is happening

I am undertaking a BBC Wales interview for their programme "X-RAY"
I am also undertaking another interview next month for the "Rip off Britian" BBC programme.

Shane is undertaking a BBC Radio 4 Programme later this month.

fermi

http://www.oft.gov.uk/news-and-updates/press/2011/65-11

Press releases 2011 -


Revised debt management guidance published

65/11 14 June 2011

The OFT today published for consultation revised guidance for the debt management industry.

The guidance update follows a review of compliance in the sector which found, amongst other things, widespread problems with misleading advertising and the quality of advice given in the fee charging sector.

Together with targeted OFT enforcement, the revised guidance is designed to address the issues identified by the review.

Today's guidance sets out the standards the OFT expects of debt management businesses and makes clear they must:

• be fully transparent about the service on offer and fees charged
• explain to consumers both the risks and benefits of each proposed solution
• not use misleading names or advertising, including misleading web-based adverts, and
• ensure that the advice provided is in customers' best interests.

The overall theme of the guidance is increasing transparency and ensuring that consumers have all the information they need to make an informed decision about the solution most appropriate for them.

Where appropriate, the OFT will take enforcement action against businesses failing to adhere to the guidance.

Since the OFT published the findings of its compliance review in September 2010 and issued a warning to 129 debt management businesses, 43 businesses have surrendered their licences and action has been taken to revoke 11 consumer credit licences.

Consumers looking for debt advice can contact free advice services via www.direct.gov.uk.
David Fisher, Director of the OFT's Consumer Credit Group, said:

'This guidance is designed to leave firms in no doubt about the standards the OFT expects and what they must do to comply with the law. The failings identified by our recent review are unacceptable and show that debt management businesses must raise their standards or face enforcement action.'

NOTES

1. Download the updated guidance (pdf 866kb); this is also available from the consultation page.
2. The revised guidance was referenced in the OFT's response to the super-complaint from Citizens Advice, 'Cashing in', which relates to problems in the sub-prime credit brokerage and debt management sectors.
3. Although the guidance primarily covers debt management services, it also includes guidance for those offering credit repair services.
4. Download the findings of the compliance review (pdf 591kb). Please also see previous OFT press releases on the warning to 129 firms and subsequent enforcement activity.
5. Consumers can check whether a company has a Consumer Credit Licence by searching the Consumer Credit Licence Public Register, which can also be accessed from the credit licensing page.

maggiesaes

Heard this being discussed this morning Ferm.
Pity it's taken something like this to get something moving isn't it.

fermi

It was moving already to be honest, but something as high profile as this may well have sped things up and hardened the OFT's attitude?

mikewjones_from_wales

Just completed four hours of filming with the BBC X Ray Team.

Programme going out later this month. Also going to be going on BBC Iplayer as soon as i have the link i will post

Keep you informed.

Looks like the directors are going to respond to letters sent to them so this should be good.

Rip off Britian next month.

Dont think the new guidance goes far enough. Legislation is required to stop the rouges operating, OFT takes too long to act even when it thinks it can.

It also would not have helped us "DCM" after they went bust. OFT only interested "trading companies"

Shaney

The Problem With This Damn Country Is That Things Seem To Typically Be Passed When Its To Bloody Late. I For One Am Sick To Death Of People Constantly Getting Away With Stuff That They Shouldnt Be Aswell As Getting Away With All The Hurt They Cause Innocent People In The Process. Now Is My Time.

Hope You Are All Well Still No Laptop But Will Keep You Informed Of Any Developments As And When I Can.
My Wife Has Been Very Ill Recently So I Have Spent Quite A Bit Of Time Looking After Her..

mikewjones_from_wales

fermi wrote: »

http://www.oft.gov.uk/news-and-updates/press/2011/65-11

thats great but it does not say anything about actually paying the money we give to them to our creditors and not using the money for themselves.

ummm