Research conducted by the Financial Conduct Authority (FCA) suggests outstanding UK consumer debt is estimated at £12.8-15.2 billion, and fees for debt management plans are estimated to be £25 million a year.
Christopher Woolard, director of policy, risk and research at the FCA, said:
Debt management firms must start putting consumers first.
It's frankly unacceptable that those people who are struggling to make ends meet are being talked into unsuitable plans.
More top news
The British arm of the retail chain earned 7.7 billion in sales in 2015.
The Canadian government has settled thousands of refugees fleeing conflict in Syria.
The shadow chancellor will set out his plans for a government that protects its industries, on Monday.