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Daily Mirror
Daily Mirror
Business
Levi Winchester

Brits to save thousands of pounds under new debt rules – what it means for you

Thousands of people who are struggling in debt will save money under new rules introduced by the financial watchdog.

The Financial Conduct Authority (FCA) is banning certain providers of debt advice from receiving referral fees from debt solution providers.

Debt packager firms earn money from fees paid when people are referred to solution providers such as an insolvency practitioner for an individual voluntary arrangement (IVA).

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