It is a common misconception that it is the OR that freezes accounts, it is the banks that do this. They sometimes tell customers it is the OR's decision in order to avoid confrontation with customers. The letter the OR sends out merely declares your bankruptcy and asks how much is in the account, n...

There's a new unpopular kid in town, this time they're called Alternative Credit Solutions Ltd (reg no: 6350499) and, like The IVA Council they're recommending people default on their IVAs, no website this time but no obvious consumer credit license either.

As before, stay well clear.

IVA Council 1. People who offer debt advice in this country are required to hold a consumer credit licence. 2. People who clone websites should do so only with the permission of the copyright holder. I don't think the colour change and the removal of the Official Receiver offices map that happened o...