Debt advice warning: spot the red flags
By FCA
AI summary of the source article
The FCA has warned consumers seeking debt advice to watch out for red flags, such as pressure tactics, coached applications, and undisclosed fee-free alternatives. The regulator highlighted recent enforcement actions, including barring Curtis Faraday from offering debt advice to new clients and banning Beauforce Corporation Limited senior manager Howard Duckett. Consumers with debt management plans arranged through Beauforce are urged to stop payments and find alternative support.