Debt Management Problems

Shaun_Moore

Having just got married, I find that my gorgeous wife has a few debts. The credit card ones are being sorted but, she is still paying a debt mangement Company `Chiltern`. Is there any way of moving this money else where to pay it off quicker?

Debt_Free_Chick

First step ... your beautiful new wife will have had an agreement with Chiltern setting out what they will do.

I rather suspect that they are charging her a fee to deal with her creditors on her behalf. You can do this yourself for nothing, if you do the research and understand your rights & options.

However .. get Chiltern's agreement and understand how you terminate it and if there are any penalties.

Their website is here

http://www.chiltern.uk.com/

Then - before you do anything else - read the stuff on the National Debtline website. Start with their factsheets ... pick the ones that apply. And consider using the self help pack

https://www.nationaldebtline.co.uk

Post back if you have any specific questions. And call the National Debtline for free advice on any debt related issue.

Yes .... it can be paid off quicker. As you can avoid the charges that Chiltern are creaming off and use these to pay against the debt.

Good luck ;D

Debt_Free_Chick

Their T&Cs are on the website here

http://www.chiltern.uk.com/t&c.htm

but do check what your wife has in writing from them.

Their T&Cs include this little gem

What we will do:
.....

take our fee out of the payments received from you.

Very good of them .....