In light of the recent report that the FCA has been forced to ban a payday lender for “reckless” practices, individuals in financial difficulty must ensure they obtain best advice before making drastic decisions and borrowing more money.

 

Their findings have shown that customers were often treated unfairly and frequently misled. Complaints were often disregarded, and on occasion significant funds were taken from customers’ bank accounts. This resulted, in some cases to further financial loss for the customer, a proportion of whom were already in financial difficulties.

Source: Insolvency News

T H Financial Recovery work with both individuals and businesses in financial difficulty.  If your business is facing problems and you need advice on the options available, such as new funding, business restructuring or help with insolvency, we can help.

Give us a call to arrange a FREE, no obligation consultation.  We handle both informal and formal insolvency work, including:

Business Assessment and Restructuring, New Funding Options, Creditor negotiation and time to pay arrangements, Company and Individual Voluntary Arrangements (CVAs & IVAs), Administration, Liquidation, Bankruptcy.

Give us a call to arrange a FREE, no obligation consultation.  Tel: 01772 641146

 

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