The OFT announced today that 35 debt management firms have surrendered their consumer credit licences and at least 15 are facing licensing action as a result of its compliance review.
The CCCS says the revocation of these licences underlines why those struggling with debt should avoid the fee-charging debt management sector altogether.

Delroy Corinaldi, CCCS external affairs director, said: “Those struggling with debt are often stressed and confused about their situation and need clear