Take Caution When Selecting a Debt Management Plan

Nov. 11, 2010 - PRLog -- Yesterday, the Office of Fair Trading (OFT) announced that over 100 debt management companies could be at risk of losing their licence for a failure to comply with the rules set out. Widespread incompetence and poor training were to blame for the variety of errors found throughout the sectors, with questions being asked about the "competence and training of frontline staff." The fact that so many companies in the sector are providing poor advice and are simply not complying with the rules highlights the fact that it is more important than ever to ensure that you find a suitable debt solution. Don't let this bad news put you off from dealing with your debt problems. Well trusted debt management plan companies do exist.

A reputable debt management plan company will be able to help you by enabling you to reduce your monthly debt bills. A good debt firm will talk with your lenders and work out a plan which will let you pay debts back over more time. Many people find this of benefit to them as it makes their monthly costs easier to manage.

We are happy to announce that we can now provide a search facility for people interested in getting a debt management plan. This enables users to have more choice in an already saturated market and deliver value to users.

See http://www.mymoneypig.co.uk for more information

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We provide debt management services to UK consumers. Rather than simply refer users to one site, we will enable people to search through a variety of leading companies. Our goal is to get you the best deal