Oft Warns Consumers About 'Loophole' to Get Debts Written Off

Summary


CONSUMERS are being warned not to be taken in by firms which claim they can use a legal loophole to get their debts written off.

The Office of Fair Trading warned people about companies that misleadingly promised consumers they could use sections of the Consumer Credit Act to wipe out their debts.

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Extract


Oft Warns Consumers About 'Loophole' to Get Debts Written Off

The firms offer to "buy" consumers' debts from them, claiming they...

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