StepChange Debt Charity responds to FCA announcement on debt management firm PDHL

March 10^th, 2016

In response to the Financial Conduct Authority (FCA) announcement that debt management firm PDHL has been refused authorisation, Mike O’Connor, Chief Executive of StepChange Debt Charity, said:

“It is essential that people seeking debt advice get the right advice and support and the Financial Conduct Authority’s work on improving the standards of the debt management sector is welcome.

“Our partnership with the Money Advice Service means that free advice and Independent advice is in place to ensure that people affected by firms exiting the market have somewhere to turn.”

If you're affected by the closure of PDHL, read our page on what to do if your debt management company closes.

Notes to Editors

1. In June 2015, the Money Advice Service and StepChange Debt Charity announced a new partnership to provide support for people affected by changes to the debt-management sector. The Money Advice Service has provided funding to StepChange Debt Charity which will provide free advice over the phone.

Full details of this announcement can be found here.