Hyndburn councillor's bust company owes £500k says report
A bathroom business owned by a senior Hyndburn councillor owed dozens of customers and creditors close to £500k when it went bust in April 2022.
Source: lancashiretelegraph.co.uk
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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 F...
Source: thisismoney.co.uk