Googling 'Debt Resolution Forum'

Without intending to make a point about the lack of regulation of the IVA providers, The Mole decided to follow up on his article below by running a google search using 'Debt Resolution Forum' as the search term and, irony of ironies, the results produced links to various statements about the virtuous Forum but those references were surrounded by links to the dissolute.

So, in the red corner we have the knight in shining armour and in the blue corner we have a company called Debt Specialists with a google ad that provides a link to their site which says: "Debt solutions. Take 60 second debt test and see if you qualify to write off 95% debt". They make the same 95% debt reduction claim on their web site under the heading of 'Flexible IVAs'.

And in the blue corner we also have Debt Advisor Online with another google ad which says "Debt Resolution. Reduce your debt now. Up to 95% debt written off." The link also leads to a similar promise on their web site.

The OFT recently issued warnings to (anonymous) companies who the OFT said were falsely claiming that 'up to 90 per cent of your debt may be written off' when the maximum would be in the region of 60 – 70 per cent.

And here, when we google for the new policeman on the block we can come up with two 'advisers' that promise debt reduction of 95%..

The Mole suspects that the Insolvency Practitioners Association - who are heading up the Debt Resolution Forum - may find that it is preaching the virtues of chastity in a brothel full of pimps.

Too little, too late ?