2007-01-04 21:28:37 · 10 answers · asked by Bristol_Gal 4 in Business & Finance ➔ Personal Finance
I used Baines & Ernst, but all these firms take out a monthly management fee for themselves and a larger fee upfront when they take you on, so I would in the first instance suggest you pay a visit to your local Citizens Advice Bureaux and get some free advice on the subject. It may be possible to arrange a deal with your creditors yourself (which is a hell of a lot cheaper!) before taking this route or just declare bankrupcty.
2007-01-04 21:43:53 · answer #1 · answered by Mental Mickey 6 · 0⤊ 0⤋
I use Churchwood Financial and they have been great. I now only pay £150 per month. I did however have to pay them £187 for a set up fee.
Out of my £150 fee, they take 17.625% (minimum of £29.38) so actually only £120.62 goes to my creditors.
But if I got a loan I would be paying £175 per month over 5 years. This way I am debt free in 4 years 4 months. Plus they freeze the interest and charges that your creditors will put on to you. Also if I got a loan I would be paying interest anyway, so their management fee is only really the equivalent of interest (ok at a higher rate). But if you work out how much interest you would pay on a loan to pay off your debts, plus not having to pay interest on the seperate debts/over limit fees etc it works out better - well it does for me anyway!!
2007-01-05 06:02:41 · answer #2 · answered by OriginalBubble 6 · 0⤊ 0⤋
The "take the first step" link at the website below will put you in touch with legitimate debt management companies local to you.
2007-01-05 05:32:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try this Debt Management Company called direct debt management. Its free and no obligation. I used it..and it was a good one.
The website is http://www.direct-debt-management.com
2007-01-05 19:55:57 · answer #4 · answered by Amy 1 · 0⤊ 0⤋
payplan thats who i am with at the moment if you go to the citizen advice they will help you out with all the contact details, when i first started getting mine debt solution up and running i was going though the CAB but then they said about payplan and it turns out im paying ppl back money and still getting left with
2007-01-05 06:13:44 · answer #5 · answered by sammy 2 · 0⤊ 0⤋
i wouldnt advise any of them, i used two different ones and they got me in more debt as they were taking more of the money for themselves. take it to court and get a judgement order where you can pay it all weekly or monthly, or go bankrupt, it works out easier and cheaper.
2007-01-05 05:34:14 · answer #6 · answered by lamyarhull 3 · 0⤊ 0⤋
Sterling Green are great. I deal with them via my job and they are very helpful.
Another good one is Clearstart, speak to a lady called Julie Taylor, she is wonderful.
Just mail me if you want the telephone numbers for either of them. x
2007-01-05 06:23:44 · answer #7 · answered by Vicky 2 · 0⤊ 0⤋
Hi I have used a great company called Gregory Pennington! they have been great got everything set up for me, they are friendly and profesional! email me for the details.
Good luck!
2007-01-05 05:34:42 · answer #8 · answered by Nigi-magic 3 · 0⤊ 0⤋
try citizens advice, they can point you in the right direction and only send you people who are there to help and not gain anything from you
2007-01-05 05:46:40 · answer #9 · answered by danielle s 2 · 0⤊ 0⤋
c.s.i.
2007-01-05 05:32:04 · answer #10 · answered by booge 6 · 0⤊ 0⤋