Kerrigan ,
No doubt some cowboys got onto the debt management bandwagon.
I would expect none of those boyos are worth sueing, they are now well gone .
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Debt management Co,s are well regulated in UK .
When our Central Bank decided this business needed sorting, they succeeded in forcing even the good companies to move North because good companies found the strictures/paperwork they placed on them in ROI, way ahead of Uk legislation.
Because of European legislation these companies can operate in ROI ,from a UK base and can operate under UK.s less onerous rules..
Had Central Bank applied similar rules as apply in UK would these good companies have moved.?
I have the notion that again our Central Bank became too careful, too late ! , so now there might not be enough good companies trading in Ire.
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People can get large %,s off their debt if done properly.
My concern is that Banks are pursing people too hard in some cases and these people will only have a drag on them for years. A good debt co can negotiate a sensible closure.
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You are also correct, some of the promises were outrageous and to have people ending up in a worse place is unforgivable..