This is asking for advice

ten years ago I was taken very ill and had to give up working

have undergone ten years of major surgery and hospital treatment

my wife working part time to look after me .

rightly or wrongly and I know in hindsight wrongly before I was admitted to hospital

I was fully aware I would be unable to keep up with my outstanding debt repayments .

contacted a debt management company to handle my debts as I was fully aware

that within weeks I would not be in any position to deal with it

and thinking that being honest and facing up to this that I would not be able to deal with this

along with trying to take pressure from my wife

we both signed agreement for the debt management company to act on our behalf

and at no time without hiding from any liability.

Just in the last few months I have been well enough to relook at what we had done

and now realise what a huge mistake I made as after all these years

after paying thousands of pounds I have only reduced the by hundreds

yet I was paying for PPi and other payment protection schemes on all the accounts

yet a few years the same management firm offered a PPI repayment plan

although they stated that some of the debt was covered

and they reclaimed refund all that happened was it reduced the debt

and I ended up with another debt for their fees which was added on to the monthly repayment plan

and according to them now it will take another 89 years to repay what we owe by which we shall both be dead

Yet when looking through old paper work in the last few weeks due to my health improving

I found a credit statement from one of my debt companies stating that they had accepted the monthly repayment

of one pound per month but where changing a payment options plan of sixteen pounds

and this was three years after I first entered in to this debt management plan.

I have within the last few days asked the debt management firm if they had details

of copies my original credit agreements and as they acted on our behalf

could they forward them to me or ask for them

which I was informed they did not and would not be able to obtain them

surely how can they undertake a debt management plan without the agreements .

I am fully aware now that I have been been ripped off by the debt management firm

and by the credit firms and now believe honesty does not pay by admitting my indebtedness

trusting somebody to deal with it has now cost my wife's health and I will never recover my my illness .

I feel there must be a solution but it seems far to late to do anything now

as I accepted the debts by handing every over to a debt management firm

as I was not in position to deal with it due my health so any help would be very gratefully

whos the DMP firm please

dyes they've had you blind and I bet

the PPI CMC is linked to them as well.

dx

Hi The first debt management firm was called Spectrum then Money Village and the PPI firm was Curly Wig if that is of any help

trouble is I am about go back in hospital for further spine surgery which means I am unable to undertake much for months at a time .

due to my illness and now my wife's early stages of Alzheimer's diagnosis we have now no chance of repayment of these debts of which we both fully and totally accept our liabilities for

our health issues are stopping use from being able to return to work to repay them and being stupid enough to think that we where covered by PPI and the debt management firm where acting our best interests to help repay the debt due the situation we found ourselves in.

oh god not spectrum

they got struck out and fined

you've been had.

https://cse.google.co.uk/cse?cx=partner-pub-0964707606882478:652l7hswbgv&ie=UTF-8&q=sepctrum&sa=Search+CAG&gfe_rd=ssl&ei=oFMaV8v9MYLAaIS_tOgO#gsc.tab=0&gsc.q=spectrum

Hi

Could somebody in the know tell me

when Spectrum Finance stopped trading and all accounts where transferred to Money Village in leeds which now seem to have move back to keighley where Spectrum Finance where based are one of the same.

Thank you for any help .

Old &new threads merged

I hope you dumped them!!

Yes I believe they are

Look in those other spectrum threads

I think we found links on FCA register