Posts Tagged ‘Bridging Finance’

Cold calling claims management firm investigated by MoJ

May 10th, 2010

A claims management company that left automated calls to consumers, offering to help clear their debts, is being investigated by the Ministry of Justice, following hundreds of complaints.

Northamptonshire-based Park Lane Services International (PLSI) has been the subject of much wrath on consumer forums, as disgruntled former clients tell of how they handed over upfront fees ranging from £250 to £1,000 and never heard from the company again – let alone got their debts cleared.

The website of PLSI has been taken down and replaced with a line stating “we apologise for any inconvenience caused”, along with a helpline number, asking people to call and leave a message.

One consumer left the following comment on the MoneySavingExpert forum: “We have been trying to get a refund since January, every time I phone they tell me that it is still with the finance dept and no-one can tell me exactly when I will get my money. Now I see they have ceased trading. I will phone the MOJ again tomorrow. They owe me £995. I know it’s not mega amounts but it’s still my money.”

The company has reportedly been around since October 2008, and also seems to have gone by the names First Step Debt Elimination and 1st Step Solutions.

One customer, 57 year-old Edwin Jones, from Blackburn, told the Lancashire Telegraph that he called the company as he was having trouble in paying off an £18,000 loan.

He was contacted by an automated message left on his home telephone, and was told that PLSI could help him with his debt. After giving the firm £250, which was apparently required for “legal reasons”, he has not heard from them since.

Mr Jones told the paper: “I feel very upset about what happened to me. I was having money troubles and this firm said it could help get rid of my debts. As soon as I handed over any money I lost contact with them.”

The Ministry of Justice has said that PLSI has now voluntarily surrendered its authorisation.

No-one from PLSI was available for comment.

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Indebted film company shelves new Bond movie

April 23rd, 2010

Film producers have revealed that the production of the next James Bond film has been suspended “indefinitely”, due to debt problems at MGM film company.

MGM is tackling huge debts of £2.4 billion and in the process of looking for a buyer, however so far, offers have fallen far short of the £1.3 billion sought by the company and its debt holders.

According to a report on BBC News, it is not known when production on the 23rd Bond film will start up again, and a release date has not been given.

Producers Michael Wilson and Barbara Broccoli, of EON Productions, said in a statement: “Due to the continuing uncertainty surrounding the future of MGM and the failure to close a sale of the studio, we have suspended development on Bond 23 indefinitely.”

However, fans of the iconic film franchise need not fear – experts believe that Bond will be back, whether it’s with MGM or the backing of another company.

Helen O’Hara, from movie magazine Empire, said that the series was a safe bet for film companies, telling the BBC: “If the Bond franchise went up for sale I don’t think there’d be any problem at all.”

Muscle-bound movie star Daniel Craig is the current James Bond, and the sixth actor to step into the role (following in the suited and booted footsteps of Sean Connery, George Lazenby, Roger Moore, Timothy Dalton and Pierce Brosnan).

The actor has said: “I have every confidence in Barbara and Michael’s decision and look forward to production resuming as quickly as possible.”

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