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

March 10th, 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.

StepChange Debt Charity news contact

Contact the StepChange news team on:

Tel: 0207 391 4598

Mobile: 07985 404 153

Email: press@stepchange.org

Follow our press team on Twitter: @StepChange

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

*This is the average rating of our service on Feefo by DMP and DRO clients three months into their solution.

© StepChange Debt Charity 2016