Debt Fees

What are debt fees?

There are a couple of different debt fees that are involve in each financial solution and each debt management company will charge different debt fees, some a lot more than others. Just to let you know at this point our debt fees are some of the lowest in the debt industry.

Debt Management Plans

Debt management plans have 2 different debt fees:

The first debt fee is a fee called a set up fee, this is used basically to set the debt management plan up for you. This fee is normally your first 2 months payments but there are companies that take upto your first 6 payments (WE ONLY KEEP ONE).

The second debt fee is a monthly management fee this fee usually comes in the form of a percentage (normally 17.5%) so the more you pay on a monthly basis the more the debt management company keeps. (We only keep £25.00 a month, no a penny more).

Call the debt solutions helpline on: 0845 519 6093

As an example if you where paying a debt management company £250 a month they would keep £43.75 so you creditors would only see £206.25. With us they would see: £225.00.

There are some charitable organisations that do not charge any debt fees, they receive donations directly from the creditors. Bur, you need to ask a question If a creditor is donating £500K a year and you are paying £250 a month, who is the organisation going to look after first?.

From my experience of talking to clients that have been with charitable organisation, your, they put a lot of pressure on the client to make more and more payments so the debt is clear quicker.

We have capped all our debts fees to £25.00 a month

Compare Debt Fees

Here are some of the big debt companies and the debt fees they charge:

Debt Solutions / Madison Financial £25.00 + 1 Month Payment

Gregory Pennington 17.5% + 1 Month Payment

Baines & Ernst 17.5% + 2 Months Payment

Money Debt & Credit 17.5% + 2 Months Payment

Church wood Financial 15% + 2 Months Payment

Debt Release Direct 17.5% + 2 Months Payment + £70

Debt Advisory Line 17.5% + 2 Months Payment + £70

Harrington Brooks 17.625% + £250 Setup Fee

Money solve 17.625% + 2 Months Payment

Debt Free Helpline 17.5% + 2 Months Payment

Kensington Financial 17.625% + Months Payment

Smooth Financial 17.625% + 2 Months Payment

Barrington Lewis 17% + 6 Months Payment

If you have an average monthly payment of £250.00 over a 60 month term you would save around £1625.00

Can debt solutions help me get out of debt?

YES we can. Everyone’s personal situation is different and each debt solution is different so we need to work out which will best suit your financial needs.

We will complete a FREE 20 minute fact find with you to work out what your earning and spending and this will let us know how much you can afford to pay to your creditors and also which debt solution is best for you to help you get out of debt. You are under no obligation but I am sure you will be 100% happy with what out debt advisors can do for you and we have the lowest debt managenent fees in the industy

We pride ourselves in our friendly, professional approach to finding the right debt solution for every one of our clients, which is honest, confidential and always the ‘best advice’ based on your individual circumstances.

If you would like to speak to one of our friendly, professional debt experts about any of our debt solutions you can either call our debt solutions helpline on: 0845 159 6093 or complete our online contact form and one of our debt advisors will call you back within the hour.

Start you debt free life today! with one of our debt solutions.

Debt Management | Individual Voluntary Arrangement | Protected Trust Deed | Bankruptcy

Also have a look at out "DEBT FEEs" chart and see what the more popular debt management companies are charging.