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Posted: Wed Oct 29, 2008 12:09 pm
by janderson
Hi All
As anyone out there heard of this standard relating to debt management and what companies are in it.
Posted: Wed Oct 29, 2008 12:56 pm
by go_4_broke
DEMSA is a trade body representing a number of debt managements co's, it stands for 'DEbt Management Standards Association.'
I think they have been around for a while, I don't know if it's any guarantee of good practice but they have a very comprehensive code of conduct on the website (which is very easy to find, just add .co.uk to the name)
The website also lists the members.
Posted: Wed Oct 29, 2008 1:03 pm
by David Mond
DEMSA is a small organisation made up of a few firms.The Debt Resolution Forum is a bigger body that is trying to improve standards and educate the profession. They were mentioned in a good article yesterday in the Daily Express written by Geoff Ho. Visit
www.debtresolutionforum.org.uk where you will find about 60% of the industry in DMP and IVA's are members.
You will also see what their members subscribe to as Standards.