Belfast Telegraph

Watchdog raps lenders over debt enforcement

Action has been taken against four lenders that took steps to have unsecured debts customers were struggling to pay secured against their homes.

The Office of Fair Trading has imposed requirements on Alliance -amp; Leicester Personal Finance, American Express Services Europe, HFC Bank (part of HSBC), and Welcome Financial Services (part of sub-prime lender Cattles), following concerns about the way they were enforcing some debts. The problems were different for each business.

Belfast Telegraph

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