Market Overview

Debt Free Me joins MoneyPlus Group


MoneyPlus Group, the UK's leading company specialising in [fee-paying] debt management plans and Individual Voluntary Agreements, has acquired R&R Financial Solutions Limited, which trades as Debt Free Me.

(PRWEB UK) 27 October 2012

Debt Free Me, which is based in Blackburn, Lancashire, offers free debt advice to more than 1,000 consumers a month across the UK. It represents more than 6,000 people on debt management plans and is one of the largest members of the Debt Resolution Forum. The company also handles Payment Protection Insurance (PPI) claims.

The purchase of Debt Free Me is the latest in a series of acquisitions by Cheshire-based MoneyPlus Group (MPG) since a management buy-out backed by Palatine Private Equity in 2011. It also operates debt management brands The Debt People, Chiltern Debt Management and Easierdebt.

With the acquisition of Debt Free Me, the group now acts for more than 28,000 customers on debt management plans, plus more than 4,000 on Individual Voluntary Agreements (IVAs).

Chris Davis, chief executive of MPG, said: “We have demonstrated impressive growth over the past 12 to 18 months, and we have achieved that while still providing an exceptional level of service to our consumers and retaining our strong reputation in the sector.

“Debt Free Me is a great addition to the MoneyPlus stable, but we're keen to build our presence in financial services still further, through acquisitions and organic growth.”

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