Are you in debt and looking for a debt solution such as a debt management plan? If you’re an internet user you may well browse on your search engine for the debt help service you are looking for and the location. Therefore, you may well search for ‘debt management Birmingham’ if this is the service you are looking for.
When searching for debt solutions in any particular area, you will come across many thousands of matches on Google, Bing and the other big search engines in regards to what you are looking for. Many of the websites you may click on will look similar, and many will give similar advice, so what criteria should you use to decide on who to contact to receive the best service and advice possible?
Firstly – check to see if the company has a Consumer Credit License. This will have been issued by the Office of Fair Trading and is an essential license for any legitimate debt management company to hold in order to give debt advice. If you cannot find a CCL displayed somewhere on the website (most companies will display them in the ‘footer’) then avoid avoid avoid!
Secondly, do they have any other licenses such as a Ministry of Justice License? The general rule is, the more licenses that a company holds, then the more regulatory rules and guidelines they are subject to, and therefore they will have to ensure they apply compliance with even greater care and due diligence.
Thirdly, are they members or affiliate members of any Independent bodies such as the Institute of Credit Management (ICM)? The ICM will require members to have undergone a number of exams and assignments to gain the Certificate in Credit Management or even the Diploma in Credit Management. ICM are an independent charity, and not associated at all to any commercial debt management companies like DRF and DEMSA are, so being a member or affiliate of a truly independent association adds credibility.
Lastly, how long have they been trading? Many companies have sprung up in the last few years taking advantage of vulnerable people suffering debt problems. If they haven’t been trading for at least three years, proceed with absolute caution and absolutely never hand over upfront payments or give your credit card details over the phone unless you are completely satisfied that the company is legitimate.
If you have searched ‘debt management Birmingham’ and come across this article, then remember that the area’s most popular debt management plan provider, UK Money Solutions, are now contactable on their free phone number 08000 748 059 24hrs and can assist with all debt problems and provide the complete range of debt solutions available.