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OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activitie

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  • #1

    OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activitie

    OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activitie

    This is a duplicate of the Blog Entry made on 5th February 2014 12:27.

    The OFT has refused to renew the consumer credit licences of debt purchaser *HFO Capita*l, and two associated debt collectors, *HFO Services Limited*...

    Click to Read More...
    .I'm the allaboutFORUMS News Feed. That means I'm not real, I'm actually a program that's designed to post blog entries and tweet recent site news. Please don't try and message me, I can't respond! Thanks.
    Tags: 1st, act, april, businesses, capital, collectors, companies, complaints, consumer, consumer credit, credit, creditors, debt, debt collectors, debt purchaser, default, fca, firms, licence, licences, mas, misleading, new powers, oft, powers, regulation, regulator, rogues, roxburghe, services, size, solicitor, special, telephone
  • #2
    Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

    Seems like the OFT is putting its dentures back in

    Comment

    • #3
      Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

      at my old firm we won loads of cases against these lot:

      HFO v Robinson
      HFO v Smith
      HFO v Wegmuller

      to name just 3. we were well into double figures with them. The default notices they relied on were shocking.

      Comment

      • #4
        Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

        HFO v Wegmuller is an AAD referral victory
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        • #5
          Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

          Originally posted by Never-In-Doubt View Post
          HFO v Wegmuller is an AAD referral victory
          Read all about it including the judgment here:

          http://forums.all-about-debt.co.uk/e...land-Wegmuller

          Comment

          • #6
            Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

            CPUTR; misleading and misrepresentation..... Good on ya OFT!
            Remember the mantra:
            NEVER communicate by 'phone.
            Send EVERYTHING by Recorded/Special Delivery
            Keep a copy of EVERYTHING sent
            Keep hold of EVERYTHING received
            PriorityOne & CPUTR 2008 (ex P1 CAG CPUTR 2008)

            I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

            If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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            • #7
              Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

              Roxburghe to appeal OFT credit licence decision - Read more HERE at AAD Blog page
              I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

              If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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              • #8
                Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

                Originally posted by 5corpio View Post
                Roxburghe to appeal OFT credit licence decision
                Do you think the OFT will use their new powers (since Feb 2013) to suspend Roxburghe while waiting for the outcome of the appeal which takes months and months to conclude? And since the FCA takes over regulation of creditors and DCAs from 1st April who will actually decide the outcome of this? I hope it's the FCA because they'll not stand for any nonsense from these rogues.

                Comment

                • #9
                  Re: OFT finds three debt businesses unfit and excludes a solicitor from undertaking licensable activ

                  You would think these idiots would know the writing is on the wall.

                  For a toothless OFT to act you would think there is some pretty damming evidence. Just hope they stick to the initial decision. But if they dont you have to think the company will be marked by the new regulator for special measures.

                  The fact they say the OFT hasnt been round to see how wonderful they are. Perhaps a string of consumer complaints and how about some mystery shoppers of their telephone behaviour. These behaviours dont need a visit to check up on

                  Gravy train is pulling out of the station for some of these companies. The FCA/MAS in parliament yesterday said they expected 30% of the firms in the credit industry to leave shortly. Either voluntarily or forced.

                  Comment

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