Think I may have cracked it...

XEO25

I have about £3750 worth of debts from credit cards, outstanding npower bills and overdrafts (passed to debt collectors).

I phone up the Debt Free Helpline and they said I could do a debt consolidation program where I would pay £100 a month and they would split it equaly between my debt collectors and freeze all interest.

It all sounded a bit too good to be true until they said they would take £35 a month from the £100 a month to cover their costs, and I would have to pay a £70 set up fee.

Is this the best I'm going to get or am I being taken for a ride?

None of my creditors will let me pay monthly now, they are all demanding full payment or court.

Any advice would be greatly appreciated.

Devo

I may be wrong, but I'm sure there are companies out there who offer the same service but for no charge...

XEO25

Devo wrote: »

I may be wrong, but I'm sure there are companies out there who offer the same service but for no charge...

Thanks for the quick reply. The guy on the phone from the Debt Free Helpline told me about this. He said they were charity's which would do it for no fee but he said they were funded by the debt collecting agencies and wouldn't freeze all interest and are quite sneaky?

gettingbetter

hi shane

please dont touch them they are crooks :mad::mad::mad:
get in touch with CCCS, CAB or PAYPLAN
they dont charge and will do the same thing
for you

kas xx

XEO25

gettingbetter wrote: »

hi shane

please dont touch them they are crooks :mad::mad::mad:
get in touch with CCCS, CAB or PAYPLAN
they dont charge and will do the same thing
for you

kas xx

Will I be accepted though?

I'm a student who only recieves £6000 a year in loans/grants. The guy on the phone said I was very undesirable

Tixy

Don't trust the Debt Helpline guy - he's in business to make money, not help you.

Whether or not interest gets frozen is at the creditors discretion. There is anecdotal evidence (at least) that creditors prefer to deal with the charity organisations not fee charging DMP companies. CCCS or Payplan are most often advised on here. Also Christians against Poverty are also spoken of highly by others who have used them (you don't need to be a Christian). For contact details see the 'sticky' about 5 from the top on the DFW board.

gettingbetter

hi

the guy you spoke to is talking threw a hole iin his (insert). its his job to get you to sign up so he makes money.
dont listen to him
am just gonna go and nick a reply to another thread that will help you

kas xx

Tixy

shaneo85 wrote: »

Will I be accepted though?

I'm a student who only recieves £6000 a year in loans/grants. The guy on the phone said I was very undesirable

Even if CCCS won't accept you on a DMP they will give you advice, as would the others - there is an online debt remedy tool you can use which could suggest the best way forward for you.

https://www.cccs.co.uk/DebtRemedy/(S(h1slyn55t5d!!!55ik23ww55))/Start.aspx

gettingbetter

xy
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Quote:
Originally Posted by kezlou
By the way i know this sounds daft and it is, but what is CCCS?

Extract from southernscousers 'sticky'
Also below are the contact details of Debt Management Charities. They will not charge you a penny like other companies and are amazingly well thought of by people on these boards. In fact I don’t think I’ve heard a bad word about them yet.

Consumer Credit Counselling Service (aka CCCS)
Wade House
Merrion Centre
Leeds
LS2 8NG
Tel: 0800 138 1111
http://www.cccs.co.uk/

Payplan
Kempton House
Dysart Road
Grantham
Lincolnshire
NG31 7LE
Tel: 0800 917 7823
http://www.payplan.com/

Citizens Advice Bureau (aka CAB)
http://www.citizensadvice.org.uk/

gettingbetter

hi trixy
sorry i stole your post from the other thread
but thought it would help here

kas xx

debrag

also you can go it alone by using information on the national debtline site