Noelene Mayne was struggling with a $30,000 debt but she never expected that a debt management company would take advantage of her desperate position.
Key points:
- Consumer advocates says some debt management companies acting like ‘debt vultures’
- Claims clients are charged high fees and placed on unrealistic budgets
- Class action launched to recover up to $30million in withheld interest
“At the time I was supporting my 38-year-old son, or partially, the daughter that’s living with me now, plus myself,” Ms Mayne said.
“So it was when I saw these ads saying, ‘We can stop this, we can stop the credit’, I thought, ‘that sounds good, I’ll go down that p…
Read the full article at: http://www.abc.net.au/news/2017-04-05/consumers-warned-of-debt-management-companies/8419400