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

A Bill to require fee charging debt management companies to inform potential clients of the availability of free advice on debt management; and for connected purposes

Originating House

House of Commons

Last Updated

2 May 2012

In Plain English

AI-generated

This Bill would require fee-charging debt management companies to inform potential clients that free debt management advice is available from other organisations. It aims to help people make informed choices and to prevent paying for services that can be obtained for free. If enacted, the rules would apply to firms offering debt management services in the UK.

Key Points

Requires fee-charging debt management companies to disclose the availability of free debt management advice to potential clients.
Covers marketing materials and initial consultations to ensure upfront information is provided.
Aims to increase transparency and help consumers compare options more effectively.
Designed to reduce the risk of paying for unnecessary or low-value debt management services.

Progress

Currently at the 2nd reading in the House of Commons. If it progresses, it would move to the committee stage for detailed examination and amendments.

Who is affected?

Consumers seeking debt management helpFee-charging debt management companiesProviders of free debt advice (e.g., charitable organisations)Consumer protection regulators and enforcement bodies

Generated 21 February 2026

Updates & Documents

News (1)

News - Fee Charging Debt Management Companies (Promotion of Free Debt Management Advice)

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.

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