Credit, Collections & Insolvency News
Trust Deed Scotland has become Scotland’s First FCA Regulated Not-For-Profit Debt Advice Company. Jon Paul Kelly, director at Trust Deed Scotland, said the news “put the company in a unique position to benefit the community by offering free qualified debt advice of the highest calibre. We have always re-invested in the company to ensure the staff are qualified & well trained and the client journey is as good as it can be, so that people in debt can benefit from this. The client will also know that we do not charge them any fees for our advice and have their best interests at heart rather than the shareholders because of our not for profit status”.
Mark Sommerville, also a director at Trust Deed Scotland, says “another reason that we have become a CIC is the growing mistrust in the debt market, as companies still cold call and use sales tactics to mis-lead clients to believe that they are in some way related to the ‘government’ to sell a debt solution. A lot of these call centres are not FCA regulated but often give un-qualified advice which is to the detriment of the client and the industry as a whole. Trust Deed Scotland do not cold call, so if you receive a nuisance call from one of these companies, we urge you to research who they are and to check if they are FCA regulated.”