Five mortgage and loan arrears mediation companies have founded a new trade association.
The Association of Arrears Mediators (AAM), officially set to launch on 1 February, will establish a professional code of conduct This will align the arrears industry with similar requirements placed on mortgage lenders, the broader financial services community and other professional practices. The founding memebers are Debt Management Services, Excel Collection & Enquiry Services, NCI Resources, PDP Management Services and Property Services Partnership Mervyn Pilley will become the inaugural secretary-general of the society. He says: "The objectives will be to create consistent...
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