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My debt management company’s closed down – what can I do?

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Recently Debt & Claims Ltd (also trading as Grassroots Financial or GRF) were ordered to cease trading by the Financial Conduct Authority (FCA). They were also told to refund any client money they were holding and hand over a list of their clients to the FCA. 

We don’t know yet if the FCA will let Grass Roots begin trading again. But we do know that their website has disappeared and their clients are now being contacted by other fee-charging companies, including one called Angel Advance.

When you’re told your debt management company is no longer trading – with no website, no correspondence, not even a number to call for answers – what do you do next?

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