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debt management

I need some help,spoke to some one from money tailor regarding a debt management scheme all sounded to good.Basically you pay them £999 and they talk to your creditors and arrange a payment option.Is this a good company as i dont have much faith in anyone any help on this would be great.

Comments

  • Why don't you give CCCS a call or go on the internet site, they do exactly the same for free. Why pay someone, when that money could go on paying your debts off...
    :eek: Total debt £36,875 :mad:
    DMP mutual support number 245
    DMP starts November 08 - Current debt £36,875
    DFD Jan 2015 or Sooner
    Proud to be dealing with OUR debt !:rolleyes:
  • Please avoid this company like the plague

    You can do this yourself for free or use one of the organisations listed in this link (http://www.moneysavingexpert.com/loans/debt-help-plan#help) who will do what they are charging almost £1k for for free.
    £34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
    Sealed Pot #389 (2010=£133)
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Hi
    Don't touch them with a bargepole. As other poster has suggested contact CCCS or other FREE debt charities, CAB or National Debtline who provide the same service for free. They will advise in your best interests and are not out to make money from you.

    CCCS have an online Debt Remedy which you can do and will help you with the best way forward. I'm with CCCS and highly recommend them. They are non-judgemental and impartial.

    Good luck.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • tallyhoh
    tallyhoh Posts: 2,318 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Good God, only £999??? how generous of them when there is people that do this for free. You could even do it yourself for the price of a few stamps.

    Dont touch these people with a barge pole.

    Best place to start is here if you have debt. Post up a SOA (statement of affairs) theres a link at top of the page. The good people on here will trim your expenses down for you & advise on how to go about settling your debts, and all for free!

    Good Luck.
    Tallyhoh! Stopped Smoking October 2000. Saved £29382.50 so far!
  • 10past6
    10past6 Posts: 4,962 Forumite
    Take a look at my signature!!!!!!!!!!!!!!!
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
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