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Debt vultures

‘Debt vultures’ are firms that promise to help consumers in financial hardship or with listings of payment defaults on their credit reports, but ASIC has shown that these firms often rely on high pressure selling techniques, one-size-fits-all products being offered despite their unsuitability, and poor disclosure of high fees.

Community Legal Centres and Financial Counsellors have been cleaning up the messes of debt vultures for years with regular complaints from our clients who were expecting financial help, but were instead taken advantage of.

In this webinar, Cat Newton and Lachlan Edwards (Consumer Action) discuss how we can assist clients to get refunds when the service claimed simply has not been delivered, and provide them with real help.