DEMSA becomes sole debt management trade association to complete Stage One of Office of Fair Trading’s Consumer Codes Approval Scheme.

“DEMSA is now one of only four trade associations that are currently in the position of completing Stage One of the two stage process under the scheme. DEMSA, through its members, aims to encourage the highest standards within the Debt Management Industry and to ensure clients are dealt with in a responsible, compassionate and transparent manner when finding an appropriate solution to their financial circumstances.

DEMSA is now working towards achieving OFT approval for its code by supplying evidence to the OFT that the code is delivering on the undertakings made at Stage One.”

Our aim is to encourage the highest standards within the Debt Management Industry. Clients are, by the very nature of the financial circumstances that cause them to contact debt managers, often vulnerable and in extremis. It is the debt managers' responsibility to deal with them both compassionately and effectively, through the ethical practices set out on this site.

Site last updated: 10.05.07