Fee Charging Debt Management Companies (Promotion of Free Debt Management Advice) Bill

Key Points

• It would require fee-charging debt management companies to inform potential clients about free debt management advice.
• It promotes transparency so people know about free help before paying for services.
• It applies to organisations that charge fees for debt management services.
• It aims to protect consumers from unnecessary charges by guiding them to free advice.

Progress

The bill is at the second reading stage in the House of Commons, where MPs discuss its general principles. It has not yet moved to committee stage.