Blenheim Chalcot

TDX Group, the leading provider of analytics-based debt management, today launches The Debt Standard - the UK’s first independently awarded quality mark for responsible and ethical debt solutions companies.

The Debt Standard addresses an urgent need to simplify the complex and confusing debt solutions market. TDX Group describes consumers seeking a way out of a debt problem as ‘extremely vulnerable' and believes that many are ‘panic buying’ the first debt solution they’re offered. The company points to figures from its own market study which shows that, of the £9 billion set to flow into debt solutions during 2008, around £8.1 billion (90%) will be managed by the first debt solution provider the debtor had spoken to.

The Debt Standard will enable over-indebted consumers to select the most appropriate advice when seeking a debt solution. Its quality mark will provide an instantly recognisable signpost - guiding consumers towards accredited IVA, Debt Management Plan and Trust Deed solution providers.

Read the full article here.