DCM Nottingham / DCM Money Solutions in administration?

mikewjones_from_wales

Just come back form the MP's office

What we need is for everyone affected by DCM to contact their MP with their story.


My MP is going for a parlimentary debate on DCM, he is then going to request all MP's of people affected by DCM to attend.

Can everyone send a letter to their MP telling them of their story and let them know they will be contacted by Mr Paul Murphy.

Once you have contacted your MP and you PM me your MP name

Thanks

AnthonyHunt

I'd urge anyone affected to contact their MP. I work for one MP and we're trying to get the Government to look into the problem, and the more MPs we can encourage to take the issue up, the better.

If you're not sure who your MP is, you can go to theyworkforyou.co.uk and enter your postcode and it will tell you. MPs can be written to at MP's name, House of Commons, London SW1A 0AA, or emailed at [EMAIL="forename.surname.mp@parliament.uk"]forename.surname.mp@parliament.uk[/EMAIL]

Good luck!

mikewjones_from_wales

AnthonyHunt wrote: »

I'd urge anyone affected to contact their MP. I work for one MP and we're trying to get the Government to look into the problem, and the more MPs we can encourage to take the issue up, the better.

If you're not sure who your MP is, you can go to theyworkforyou.co.uk and enter your postcode and it will tell you. MPs can be written to at MP's name, House of Commons, London SW1A 0AA, or emailed at [EMAIL="forename.surname.mp@parliament.uk"]forename.surname.mp@parliament.uk[/EMAIL]

Good luck!

Has anyone contacted their MP.

Can you let me know their details please

mikewjones_from_wales

Spoke to BBC, show has been moved to 28th November there are four shows in the series. DCM will feature in one of them. I will find out which one and let ya all know.

Got a DVD of the show coming as well so as soon as it comes shaney Youtube here we go

Will also get you CD uploaded this weekend too okay bud.

tonyruk

small piece in mirror today

mikewjones_from_wales

tonyruk wrote: »

small piece in mirror today

I spoke to nick earlier this week about the latest HJS Recovery effort of a report

http://blogs.mirror.co.uk/investigations/2011/10/dcms-17m-tale-of-woe-and-count.html

fermi

A letter that Mike has requested is posted.

mikewjones_from_wales

Has anyone contacted their MP's yet?

Can you PM me your MP's details please

Mike

fermi

http://www.bbc.co.uk/news/uk-england-15762551

Many people in debt often turn to debt management companies but the Citizens' Advice Bureau and a group of MPs is warning about some of their business practices - in particular, upfront fees and high administration costs.

I spoke to Sally - not her real name - from Somerset, who ended up £14,000 in debt.

'Financial vampires'

Eventually, she paid £750 to the debt management company Moneyworries, and then £30 a month: of that, £5 a month went to her creditors and the rest was taken up in administration fees.

"I just feel that they just take - and they are just making money out of other people's misery," she said.

"They're just basically financial vampires that suck the goodness out of people.

"But you can walk away... you can find something better that is out there to help you."

Upfront fees and administration charges are not illegal - although there is a campaign against them.

Moneyworries could not comment on Sally's case because she had declined to give them permission to do so: but said they no longer charge set up fees and take 15% of monthly payments in administration, subject to a minimum of £25.

The company is being investigated by the Office for Fair Trading (OFT), which is minded to revoke its licence.

An independent adjudicator will make the final decision, which is subject to appeal.

'Free advice'

The OFT also wants to revoke the licences of other companies run by some of the same people - Yes Loans and No Worries Loans plus and seven others.

In a statement, the group said: "Moneyworries is committed to responding to the OFT concerns. And to working towards a solution which enables it to continue to provide the high quality financial services enjoyed by thousands of satisfied customers.

"We are studying the documentation and welcome the opportunity to present to the independent adjudicator with the strongest possible case."

Politicians are now getting involved: new guidance on the debt management sector is coming soon and some MPs are pushing for a change in the law, through a cross party Private Members' Bill.

Justin Tomlinson, the Conservative MP for Swindon North, said they had put the bill forward to protect some of the most vulnerable consumers in moments of financial distress.

"They are turning to debt management companies under the belief that they're getting free independent advice without upfront or excessive costs.

"We're seeking to make sure there's a safety check put in place so people can get truly independent and free advice."

This is good news for Sally, who's now with a new debt management company - they charged her no set-up fee and of the £150 she pays every month, every penny goes to her creditors.

maggiesaes

mikewjones_from_wales wrote: »

Spoke to BBC, show has been moved to 28th November there are four shows in the series. DCM will feature in one of them. I will find out which one and let ya all know.

Got a DVD of the show coming as well so as soon as it comes shaney Youtube here we go

Will also get you CD uploaded this weekend too okay bud.

Whe will you be on Mike??