Comcom issues warning to debt recovery business

DebtManagers has been found to have likely breached the Fair Trading Act and is now under new ownership. (Image: Getty)

Wed, 20 Dec 2023

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For more than a year, the Commerce Commission received complaints about debt-recovery business DebtManagers. After an investigation, findings were released this week that it has found DebtManagers likely breached the Fair Trading Act for misrepresentation and pursuing the wrong person for a debt. DebtManagers is owned by a consortium that includes Mark Albert Laurence Francis, who in his role as executive general manager told Stuff in May he was trying to “be the conscience of the industry”. He is not to be confused with r...

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