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Some debt advice firms pick off fees and leave victims even worse off

Fee-hungry debt advisers are today accused of fiddling figures to profit from vulnerable clients.  The City watchdog warned last week that so-called debt packager firms are cashing in by manipulating customers income and spending records to qualify them for repayment plans that pay commission of more than £1,000.  Money Mail has also seen bank statements that seem to have been doctored to hide a gambling addict s betting, so he would qualify for such a scheme.  Stung: Mick and Stephanie Gales were cold-called by a firm claiming to have the answer WE VE PAID £3K BUT COULD VE WIPED DEBT FOR JUST £180  Mick and Stephanie Gales were desperate for help with their £9,000 debt when they were cold-called by a firm claiming to have the answer. 

Supreme Court backs small businesses over Covid-19 insurance claims

Supreme Court backs small businesses over Covid-19 insurance claims 15th January, 2021 by Melita Kiely The UK Supreme Court has ruled in favour of small firms following a legal battle over business interruption insurance claims, meaning hundreds of bars could soon receive payments to help them through the Covid-19 pandemic. The Supreme Court’s decision has been hailed a “landmark victory” Watchdog the Financial Conduct Authority (FCA) brought the test case to the Supreme Court, with eight insurers agreeing to take part in the proceeding. The appeal aimed to clarify whether a number of insurance policy wordings cover business interruption losses due to the Covid-19 pandemic and public health measures taken by UK authorities in response to the pandemic from March 2020.

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