Debt Management plans

m0neymatters1

Hi there,

PLease can someone tell me if these companies are as legit as they say they are!!

I have been offered a Debt management plan through Bains and Ernst!!

I just wanted to know has anyone else ever used them? Are they any good? Or is there any better alternative!

I'm worried as I have seen so many programs where people have been paying to companies like these only to find that none of their creditor have actually been paid!!!

Can anyone give me advice?

Cheers :beer:

RAS

Hi

they will take your first months (or two months) offering and about 17.5% of eery other payment.

You can do the same thing for free through one of the debt charities listed here http://www.moneysavingexpert.com/loans/debt-help-plan#help

That way your money goes to your creditors not to B&E's profit line.

Donedoingdebt

m0neymatters1 wrote: »

Hi there,

PLease can someone tell me if these companies are as legit as they say they are!!

I have been offered a Debt management plan through Bains and Ernst!!

I just wanted to know has anyone else ever used them? Are they any good? Or is there any better alternative!

I'm worried as I have seen so many programs where people have been paying to companies like these only to find that none of their creditor have actually been paid!!!

Can anyone give me advice?

Cheers :beer:

In my experience, Bains & Ernst were an unorganised waste of time & money. Avoid them if at all possible.

Try specialists such as CCCS, CAB etc who will do just as good a job

elsie52

I can recommed Payplan.....totally free.

tomb_raider

m0neymatters1 wrote: »

Hi there,

PLease can someone tell me if these companies are as legit as they say they are!!

I have been offered a Debt management plan through Bains and Ernst!!

I just wanted to know has anyone else ever used them? Are they any good? Or is there any better alternative!

I'm worried as I have seen so many programs where people have been paying to companies like these only to find that none of their creditor have actually been paid!!!

Can anyone give me advice?

Cheers :beer:

I would recommend CCCS - I have just (Nov 2008) finished paying my DMP with them & they were very helpful all the way and ALL the money you pay to them goes to pay off your debts and not to make them a profit.

All the best

m0neymatters1

Many thanks for the advice!! Much apprechiated!! :j