Debt Release Direct

November 16, 2009 03:00 ET

Debt Release Direct Welcomes Debt Management Industry Review

MANCHESTER, UNITED KINGDOM--(Marketwire - Nov. 16, 2009) - Debt Release Direct enhances its commitment to improving standards across the debt management industry, in fully endorsing the forthcoming Office of Fair Trading review.

The OFT recently announced its decision to hold a full review into the debt management industry, the first of its kind in this sector since 2003. The debt management industry is, as yet, largely unregulated and continues to grow rapidly. Since the previous compliance review of November 2003, the industry has both grown and changed significantly, with a large focus now on online advertising and internet based companies. The OFT is keen to scrutinise the advertising and operations of the debt management companies and to seek the advice of various debt charities in assessing how well such companies are complying with the minimum standards set. Consumers will also be granted the ability to provide their thoughts to the Office of Fair Trading through a feedback form on the website. Gathering information and opinions from all sides of the industry in this way will enable to Office of Fair Trading to gain a full understanding of the practices of all companies operating in this sector.

Managing Director for Debt Release Direct, Darren Varden says, "Debt Release Direct is dedicated to improving the standard of advice and services provided to debt ridden consumers and believes that this review will serve to improve the customer experience across the industry as a whole".

Debt Release Direct is a specialist Debt Solutions company, providing confidential and sympathetic advice and solutions for indebted individuals.

Contact Information

  • Release Money Group
    Darren Varden
    First Floor, Crown House
    Bury, Lancashire
    BL9 7JR
    0870 319 0200