The number of debt management firms stripped of their credit licences or refused entry to the market has reached 90 since the Office of Fair Trading (OFT) published a compliance review of the sector in September 2010. The OFT revealed the figure – an increase on the estimated 60 firms which had exited the market by October last year – in its annual report, just over 18 months after it warned 129 debt management firms about their compliance standards. It also revealed that the Tribunal struck out all 11 cases where firms appealed the removal of their consumer credit licence....Read more HERE