Debt management companies act on behalf of borrowers to help them to clear their debts. They do this by entering into direct negotiations with creditors in order to facilitate the repayment of debts. In return for their services debt management companies are generally paid a fee by the borrowers.
The aim of the Code, and that of DEMSA, is to encourage debt management companies to provide services of the highest standards in which the public and the credit industry can have confidence.
If you are in financial difficulty, struggling with the monthly repayments on your unsecured debts, you may need help. Our members are amongst the most highly regarded debt management companies in the UK, and operate to the highest standards. All DEMSA members are monitored in accordance with DEMSAs approved code of conduct.
FIND A DEMSA MEMBER WHO CAN HELP
Debt Management and IVA providers, who wish to join DEMSA, and participate in a TSI approved Code of Conduct. Membership of DEMSA is reliant upon companies being able to demonstrate that they comply with the standards set out in the DEMSA Code of Conduct.
Debt Managers Standards Association Limited
Debt Managers Standards Association, DEMSA, has announced the date and venue for its 2016 Annual Conference. This key debt industry event will be held on Thursday 9th June 2016 at the Lowry Gallery in Manchester.
The conference will focus on better engagement by the debt advice sector with consumers, creditors, key service providers and regulators, with credit industry guru, Anthony Sharp, chairing the event. Designed to bring key figures from the consumer credit industry together to discuss the latest developments within the sector, the conference will pay particular attention to the challenges of helping vulnerable individuals in financial hardship. The morning session will include important contributions from the new chair of MALG, Liz Barclay, as well as creditor liaison focus from the leaders of consumer credit and credit services associations.
With capacity for more than 150 delegates, the conference will also provide an important networking forum for those working in or with the debt management sector. As Kevin Still, Chief Executive of DEMSA explains, participation by delegates is a critical objective of the event.
“At this year’s Annual Conference, we are focusing on best practices to treat potentially vulnerable consumers fairly. With a number of speakers from the consumer credit sector bringing hands-on expertise we hope there will be lively debate about the best ways to help the vulnerable. We will also be discussing the new debt adviser vulnerability guide which will include practical advice on helping individuals coping with critical illness and mental health issues – a key concern for the debt management industry.
