FCA warns of firms offering to write off debts in new scam  

Fraudsters said to be focusing on people facing financial difficulties  

Julia Bahr
clock • 2 min read

The Financial Conduct Authority (FCA) has warned UK consumers of firms offering unauthorised management services.  It said these firms offered to 'write off' debts, mainly mortgages, and get compensation for consumers from their lenders. This might include reclaiming past payments of capital and interest.  "Feed Fees are often charged to do this and more fees might be added even when the scheme fails. ," the regulator warned. "This can lead to significant losses for those involved."  The FCA added that the firms, unlikely to be authorised by the FCA, might try to convin...

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