Faith Financial Solutions have applied to the FCA for the following requirements to be imposed on its permissions as of 1st July 2021:-
1. We will not, without the consent of the FCA, take on any new customers where this involves debt counselling or an activity that would be debt counselling if carried on in the relation to a debt under a credit agreement or consumer hire agreement.
2. We will not, without the consent of the FCA, take on any new customers where this involves debt adjusting or an activity that would be debt adjusting if carried on in the relation to a debt under a credit agreement or consumer hire agreement.
3. We have instructed our existing customers (who have not received a recommended course of action from the Firm) to contact a not-for-profit debt advice body to seek alternative advice.
4. We will continue to support any customers with the provision of general administrative support only.