My OH worked for a DM for a period, no longer affiliated. Most of the UK based DM'S at the time decided to withdraw their practices from the ROI because of high demands/rules from the CB. Of late they have been advised not to administer payments to their clients creditors. I am unsure why. Surprised not to see mention of this here. The repayments are now being made to creditors via UK channels.
.........................................................................................Kerrigan, why do you think this is happening?
................................................................................................Why would they be enforcing harsher rules on debt management companies, across the board? Is it really because they want to keep it small and tight and restrict it to who they know?
Don't they want these systems in place for when their PI Bill finally comes into law? Or do they want to also keep more of an eye on people?
This country is stinking.
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