Debt management

[atsgreig]

Hey in the current recession time so many people have to left their job and they are now in critical situation. One of my friend is also in such a bad situation and he is in debt now . He needs a good advisor comapny for debt
management . So can anyone suggest that which is a relevant debt management company in uk? Thanks in advance.

 

[BusinessIdeas]

Hey in the current recession time so many people have to left their job and they are now in critical situation. One of my friend is also in such a bad situation and he is in debt now . He needs a good advisor comapny for debt
management . So can anyone suggest that which is a relevant debt management company in uk? Thanks in advance.

The Consumer Credit Counselling Service (CCCS) Are a UK charity who handle debt management for FREE: http://www.cccs.co.uk/
Anyone finding themselves getting into debt should contact them asap. No need to go with expensive commercial companies who will charge you for their services. - Gina

 

[atsgreig]

Hey thanks for ur reply.

 

[Steve Thornbury]

We use a couple of companies some of which are national, if you haven't sorted it let me know and I'll put you in touch.

 

[BusinessIdeas]

Why on earth would anyone pay for this service when its free! http://www.cccs.co.uk/

 

[Kate Shaw]

I'm always happy to have a no obligation chat - PM me for details

 

[atsgreig]

We use a couple of companies some of which are national, if you haven't sorted it let me know and I'll put you in touch.

Still i have not sorted it. U can give suggestion. Thanks buddy.

 

[justintime]

Still i have not sorted it. U can give suggestion. Thanks buddy.

DONT use a debt management compnay if you have to pay. 17.5% monthly charge with first months payment going entirely to DMC are not uncommon.

Use payplan dot co dot uk whuich is entirely free.

 

[LowcostPR]

If you just want plain, simple debt management, then CCCS is what I recommend. I personally DON'T recommend payplan, as they are not very nice folks IMO. Just my experience as I used to work in debt management, and I would get sick of them ringing clients to say that the company I worked for had gone out of business, and they had to go to them, and had no choice. Obviously this was total rubbish, and it made me wonder what these people got out of sending debtors into a blind panic.

If you want the better service, and don't mind paying for it, then Eurodebt/Pentagon UK are one of the biggest in the country.

 

If he needs advice on very basic personal debt (credit cards and unsecured loans) then everytime i would recommend giving the national debtline a call, they are a charitable organisation and can give you advice over the phone and will send you a pack out showing you what letters to send etc. If he doesn't have complex issues he will be able to use the templates and get into some agreement with the companies himself.

I deal with debt on a daily basis (mainly company debt) and to be honest if your friends debt is large and he cannot ever see a way of paying it off it might be better to look at bankruptcy / debt relief order (if £15k or under and doesn't own a house) - without knowing the exact details etc it is difficult to advise.

 

[LowcostPR]

debt relief order (if £15k or under and doesn't own a house)

For a Debt Relief Order, you must have under £15K of debt, under £300 of assets and £50 or less a month disposable income.