There are warnings about a company promising to rid Islanders of debt.
Global Credit Management has called homes offering to reduce household debt by up to 70%, before setting up instalments to clear the remaining 30%. The firm has asked for bank and mortgage details. The Isle of Wight Council's Trading Standards department and Hampshire Constabulary are reminding Islanders that no bona fide financial company ever seeks to obtain personal bank details over the phone. Senior Fair Trading Officer at IW Council Julie Woodhouse, said "Under no circumstances should you ever reveal your personal bank and financial details over the phone or internet to a firm you are not familiar with. As soon as a company starts asking these details, the alarm bells should ring in your head and you should end the call. Always seek advice from Trading Standards or police if you are unsure and remember the old adage that if it’s too good to be true, it usually is". Police Crime Prevention Officer Michala Bailey then suggests dialling 1471 to find out if the caller has allowed their number to be traced, before passing on the details to the police.