Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 1
    • Angry Bear
    • By Angry Bear 21st Apr 13, 4:47 PM
    • 1,755 Posts
    • 4,109 Thanks
    Angry Bear
    • #2
    • 21st Apr 13, 4:47 PM
    • #2
    • 21st Apr 13, 4:47 PM
    I don't know of this company but if you are looking for debt help or debt management please use one of the free providers NOT one who take a cut of your payments. StepChange, Payplan and CAP tend to be advised around here.
    Do you not know that a man is not dead while his name is still spoken?
    ― Sir Terry Pratchett, 1948-2015
    • moohound
    • By moohound 21st Apr 13, 5:24 PM
    • 1,184 Posts
    • 3,017 Thanks
    moohound
    • #3
    • 21st Apr 13, 5:24 PM
    • #3
    • 21st Apr 13, 5:24 PM
    Hi

    Does anyone have any information on this company? I have googled and cannot find any information on the web apart from the usual co house details and that they are a firm of accountants? I have my suspicions as to the legitimacy of the company and would appreciate any feedback good or bad.

    Many thanks.
    Originally posted by johndoe22
    Have you signed up with them or given them money?

    Howdid you hear about them were you cold called?
    ISA £1675 MiniMoohound savings £3685.86 Plus £3800 CTF
    'MrMoneyMuststache' my new hero, Martin Lewis my long time hero
    Poacher turned Gamekeeper
    Roadkill rebel No 52 Aug £1.34p Sept 24p Oct 5p Nov 5p Sealed pot Challenge No 403 £176.66(2014) NOV NST No 20
    • nicp60
    • By nicp60 21st Apr 13, 7:16 PM
    • 454 Posts
    • 737 Thanks
    nicp60
    • #4
    • 21st Apr 13, 7:16 PM
    • #4
    • 21st Apr 13, 7:16 PM
    Hi there,
    Steer clear of them; they charge a monthly fee for their services! As a Angry Bear said, use stepchange or payplan.

    From iDebtplans' FAQ:
    Incredibly, we only charge a standard management fee of £35 or 17.625% of your monthly payment (whichever is higher). For this, we will set up your plan, contact all of your creditors to inform them that we are now acting on your behalf, deal with all correspondence and phone calls, but perhaps most importantly, give you total peace of mind that your debts are now being dealt with efficiently, effectively and all under one roof.



    This 'incredible' fee of on £35 a month is £35 a month that could go towards your debt payments. Not a greedy firm.
    Fritterati Challenge for 2013:
    £2202/£3000 saved (73%)
    Take lunch to work and stop frittering!



  • UsetheFORCE
    • #5
    • 21st Apr 13, 7:58 PM
    • #5
    • 21st Apr 13, 7:58 PM
    ...and if your monthly payment is over £200 then the fee is even higher! What a ripoff!!!
    I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.

    Don't rely on anything I write as it may be wrong!!!
  • biscuit1957
    • #6
    • 1st Jan 14, 6:23 AM
    • #6
    • 1st Jan 14, 6:23 AM
    I have just signed up to this company,I am 3 grand in debt,I told them I wish to pay £120 per month,I don't really mind them taking a fee out of this as it eases the pressure.
    All I wanted to know is this company genuine
    • Sedge123
    • By Sedge123 1st Jan 14, 7:19 AM
    • 505 Posts
    • 1,006 Thanks
    Sedge123
    • #7
    • 1st Jan 14, 7:19 AM
    • #7
    • 1st Jan 14, 7:19 AM
    Yes but that £35 could go towards your debt! You are effectively "wasting" 25% of your payment.
    Determined to save and not squander!
    Weekly savings challenge 2015 #7 week 1-3 and 39-52complete £643/£1378 46.6% of the way there!
    2015 clothing challenge spent £89.13/£500
    • fatbelly
    • By fatbelly 1st Jan 14, 8:56 AM
    • 9,742 Posts
    • 7,303 Thanks
    fatbelly
    • #8
    • 1st Jan 14, 8:56 AM
    • #8
    • 1st Jan 14, 8:56 AM
    Use one of the companies in Martin's list

    http://www.moneysavingexpert.com/loans/debt-help-plan#help
    • rizla king
    • By rizla king 1st Jan 14, 10:46 AM
    • 2,825 Posts
    • 1,881 Thanks
    rizla king
    • #9
    • 1st Jan 14, 10:46 AM
    • #9
    • 1st Jan 14, 10:46 AM
    Doesnt ease the pressure. The fee just keeps you in debt longer and prolongs it. A lot of these companies seem to be going bust lately, leaving taking everything people have paid with them as they've not passed the money on. Go with stepchang, CAP or similar who you can guarantee wont screw you over.
    • Sazzie23
    • By Sazzie23 1st Jan 14, 11:33 AM
    • 2,424 Posts
    • 10,077 Thanks
    Sazzie23
    I have just signed up to this company,I am 3 grand in debt,I told them I wish to pay £120 per month,I don't really mind them taking a fee out of this as it eases the pressure.
    All I wanted to know is this company genuine
    Originally posted by biscuit1957
    Hi Biscuit, Fantastic, you are facing your problems and taking action

    Please consider a fee-free service, you should get better advice and hopefully clear your debt faster. You can check the budget using the Stepchange free anonymous debt remedy. No point wasting money that could pay the debt.

    Good luck whatever you decide
    Debt -it's a fight that I'm winning, dealing with debt one day at a time.
    Estimated DFD August 2018 - 2031 - now 2027

    Guide dog Tess, missing Scotland 2 years

    DMP support no438.
  • biscuit1957
    Thank you all for your replies,
    • Whoisright
    • By Whoisright 6th Jan 14, 10:06 AM
    • 2 Posts
    • 1 Thanks
    Whoisright
    I have just lodged a complaint to Ofcom about this lot. Got a spam text on a sunday giving me a link to releasedebt.co.uk which then repoints to idebtplan.co.uk. When you call them it's actually a debt management agency called harrington brooks.
  • Martiferous
    Must admit just complained and left reviews as my company email account is getting spammed by this company.
  • nhill
    Sue them. I did. They paid out.
    If you did not give clear and explicit consent to iDebtPlan to use or process your data:

    iDebtPlan did so contrary to Privacy and Electronic Communications Regulations 2003 section 22. Under section 30 of PECR you are entitled to bring proceedings for compensation.

    iDebtPlan has ignored the principles set out in the Data Protection Act 1998 Schedule 1 and processed your data without satisfying the conditions for processing as set out in the Schedule 2. Under section 13 of the Data Protection Act 1998 you are entitled to bring proceedings for compensation against the data controller.

    Issue them with a notice. They may offer a gesture of goodwill. Don't take it. They sent me a cheque for £499 after I started proceedings via small claims.

    There are also aggravating circumstances. Director of iDebtPlan, Matthew James Cheetham, is also a director of DEMSA and "committing a serious breach of the DEMSA code" according DEMSA’s Code of Conduct section 7 with regard to iDebtPlan using lead generators who are not regulated by the Financial Conduct Authority, and the existence of spamdexing websites that lead directly to idebtplan.co.uk.
    • legal magpie
    • By legal magpie 22nd Feb 15, 12:00 PM
    • 577 Posts
    • 301 Thanks
    legal magpie
    Doesn't there have to be some element of damage caused to bring a claim? I'm annoyed at them but that's all
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

277Posts Today

958Users online

Martin's Twitter