Fernwood Financial ceases operations: thousands of clients have had their debts written off.

According to The Sun: Lender Fernwood Financial Limited from the northwest has gone bankrupt, and this means good news for thousands of its clients: their debts have been cancelled!

According to the Financial Regulator FCA, the firm has stopped issuing loans and collections, and all current clients will receive letters with this wonderful news.

Additionally, borrowers have had all debts cancelled and are advised not to pay anything further, as well as to be vigilant against potential fraudulent activities. If necessary, contact the liquidators for more information.

Recently, issues with short-term lenders going bankrupt have become more common in the UK, so be sure to keep an eye on the news to be confident in your financial position.