Debt FAQs 2 – What is informal debt consolidation?
There are several organisations that advertise in the National newspapers that pose as ‘specialists’ advising that if you owe over around £8,000 or more, they “can reduce your debts without the need to borrow”. Theses “specialists” will offer services and assistance; but beware! Most of these “specialists” are intermediaries with no relevant qualifications and their advice could prove costly and inadequate.
