Debt Management Fes

It is important to remember that every privately owned business throughout the UK that provides a service charges a fee, you wouldn’t expect to go to a restaurant and eat for free would you.

Debt management companies have two sets of debt fees, but the amount of fee changes with each debt management company that you speak to.COMPARE DEBT FEES

What are the debt management fees?

A set up fee – The debt management set up fee is used to set up the debt management plan for you, this involves speaking, writing, faxing and emailing all of your creditors to negotiate the debt management plan. This fee is normally your 1st months payment, but there are companies that will keep up to your first 6 payments, so be very careful.COMPARE DEBT FEES

A monthly management fee – This fee normally comes in the form os a percentage out of your monthly debt management payment. A company will normall keep around 17% out of you monthly debt management payment, so as an example: If your monthly payment is £250.00 then your debt management fee would be £42.50 so your creditors would see £207.50.COMPARE DEBT FEES

You will be please to know that we only keep you 1st months payment as out set up fee and we only keep £25.00 a month, no matter how much you are paying as our debt management fee.

If you are like to speak to one of the team at debt solutions about a debt management plan you can call our debt solutions helpline on: 0845 519 6093.

Call the debt solutions helpline on: 0845 519 6093

Why do debt management companies charge fees?

Debt management companies have to charge debt management fees, if we didn’t we wouldn’t be able to pay our running costs including staff wages etc. However, I do not agree with debt management companies that are taking excessive upfront and monthly debt management fees, this is why we have capped all out debt management fees to £25.00 a month.

Why should I pay debt management fees?

You don’t have to pay debt management fees, you can either manage your creditors yourself or use a charity debt management company.

We charge debt management fees because we are dealing with your debts day in and day out until the debt is paid so although we charge debt management fees, if you break them down it works out at £0.83p a day, now that’s not bad for peace of mind, especially when a cup of coffee can cost you £2.00.

If you are like to speak to one of the team at debt solution about a debt management plan you can call our debt solutions helpline on: 0845 519 6093.

What about charity debt management companies?

Charitable debt management companies do work and they do not charge fees, but, you need to ask yourself a question, Where do charity debt management companies get there money from? - The answer is YOUR creditors.

Charity debt management companies can survive on donations from your creditors, so in turn charity organisations are charged with getting creditors money back as quickly as possible. From my experience when a charity organisation accepts a client paying a smaller amount every month, they try and raise that figure month on month to squeeze out of you as much money as they can.

Another thing to think about. If a creditor is donating £500K a year, who is that charity going to look after YOU or the company sending them £500k a year?COMPARE DEBT FEES

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.

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