Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


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  1. #1

    Default Debt management companies to AVOID

    Hi, I'm thinking of looking into getting a debt management company and wondering if anyone had experiences of companies to avoid? Which companies will hound me on the phone just to get me to sign up and which ones have the worst fees and agreements? I don't want any harrassment from shopping around. Which ones should I avoid giving my contact details? Any advice would be most greatful. Things are really tense at home cos of my debt and I don't want the debt management company adding to the trouble my partner and I are having dealing with this.

    thanx x

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  2. #2

    Default Re: Debt management companies to AVOID

    don't go with ANY who charge.

    CCCS or Payplan are the ONLY ones to consider, they offer a free service.


  3. #3

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  4. #4

    Default Re: Debt management companies to AVOID

    dont go with Eurodebt!!!
    they are a rip off!!

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  5. #5

    Default Re: Debt management companies to AVOID

    Go to National Debtline's website (just Google it) and download their information pack, or give them a ring. It's brilliant and it's FREE! They can advise you about debt management plans that don't cost you a percentage!


  6. #6

    Default Re: Debt management companies to AVOID

    Baines and Ernst were charging me over 80 a month for 2 years thats 1920 which could have gone to paying off my creditors. until i wised up and went with CCCS who dont charge for the same service...

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  7. #7

    Default Re: Debt management companies to AVOID

    As said above do not go with anyone who charges - Payplan and CCCS do not charge.

    Are you sure that a DMP is the right thing for you.

    Have a read here http://www.consumeractiongroup.co.uk...ling-debt.html


    Consumer Health Forums - where you can discuss any health or relationship matters.
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  8. #8

    Default Re: Debt management companies to AVOID

    That's brilliant. Thank you all so much for your help. Will have a look at CCCS and Payplan! I feel like I'm at the foot of the mountain!

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  9. #9

    Default Re: Debt management companies to AVOID

    lots of help here to get you over the mountain.

    it might be worth giving one of the debt help charities a call too.

    CCCS: 0800 138 1111
    National Debtline: 0808 808 4000

    both free calls


  10. #10

    Default Re: Debt management companies to AVOID

    Just to confirm - there are free services like CCCS which creditors immediately respect.

    Whatever you do, DON'T pay for it


  11. #11

    Default Re: Debt management companies to AVOID

    Hi helenram

    Any progress with debt management companies recommended?

    We need your experiences on the thread.

    Hope it's been good news for you.

    Regards

    Van


  12. #12

    Default Re: Debt management companies to AVOID

    Quote Originally Posted by WormHasTurned View Post
    Whatever you do, DON'T pay for it
    My dad told me that years ago when I was in my teens.
    He also said "If you're not in bed by 10PM, you might as well come home".





    Sorry. It's been a funny day........


  13. #13

    Default Re: Debt management companies to AVOID

    He also said "If you're not in bed by 10PM, you might as well come home".
    I think I know your Dad lol


  14. #14

    Thumbs down Re: Debt management companies to AVOID

    my dad has a debt management account. a place called GREGORY PENNINGTON. they charge him over 25.00 a month. they ask him occasionally to increase his payments to get his bills of quicker. but i noticed everytime he did (as he wants them paid of) the money for gregory penningtons fee goes up to.


  15. #15

    Default Re: Debt management companies to AVOID

    Quote Originally Posted by conradsfate View Post
    my dad has a debt management account. a place called GREGORY PENNINGTON. they charge him over 25.00 a month. they ask him occasionally to increase his payments to get his bills of quicker. but i noticed everytime he did (as he wants them paid of) the money for gregory penningtons fee goes up to.
    Your Dad isn't legally tied to this agreement with GP. He can end it at any time in writing & switch to one of the free servcies ( like CCCS or PayPlan ). Just in case he wasn't aware...


  16. #16

    Default Re: Debt management companies to AVOID

    [quoteYour Dad isn't legally tied to this agreement with GP. He can end it at any time in writing & switch to one of the free servcies ( like CCCS or PayPlan ). Just in case he wasn't aware...[/quote]

    thankyou, ill get him to do this right away. he did not know you could get this service for free.


  17. #17

    Default Re: Debt management companies to AVOID

    Hi, so you don't think that *any* debt management programme where the customer pays a fee would be beneficial? Would commercial DMP companies be any better than the CCCS or Payplan at freezing interest to creditors and getting them to accept a reduced pro rata payment ased on affordability?


  18. #18

    Default Re: Debt management companies to AVOID

    Quote Originally Posted by Poor-Credit Borrower View Post
    Hi, so you don't think that *any* debt management programme where the customer pays a fee would be beneficial? Would commercial DMP companies be any better than the CCCS or Payplan at freezing interest to creditors and getting them to accept a reduced pro rata payment ased on affordability?
    It is pointless paying money for something that you can get for free, when this money could go o your creditors. Both paying and non-paying companies have an equal chance of freezing interest.


    Consumer Health Forums - where you can discuss any health or relationship matters.
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  19. #19

    Default Re: Debt management companies to AVOID

    Quote Originally Posted by gizmo111 View Post
    Both paying and non-paying companies have an equal chance of freezing interest.
    I don't beleive this to be true. Many lenders have expressed that they are more willing to accept payments if they come via the one of the free providers, especially since a lot of the time these lenders may be part-funding the free provider that you choose.


  20. #20

    Default Re: Debt management companies to AVOID

    Quote Originally Posted by sequenci View Post
    I don't beleive this to be true. Many lenders have expressed that they are more willing to accept payments if they come via the one of the free providers, especially since a lot of the time these lenders may be part-funding the free provider that you choose.
    That is completely true!

    Advice from lenders is always to go with a free service provider Payplan, CCCS.

    Like most people have been saying on here, any money paid out in fees to a company is money that could be going straight towards the debt itself. these companies who charge to help you pay your debts are exploitative & prey on vunerable people. They make me so mad!

    Gregory Pennington & Eurodebt are well known for being awful companies. They will keep increasing their fees so that you are fooled into thinking that you are paying off your debt but in fact the majority of the money you pay out goes to them & your debt never really gets any smaller!

    & like I said already, most lenders are reluctant to deal with these companies as they are very unhelpful & will always advise you drop them & go to a free provider. These companies that charge will advise you to not speak to the lenders regarding your account as they know that the lenders will tell you to get rid of them!


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