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Heard of Churchwood Financial???

Am trying to find out if anyone has heard/used churchwood financial debt managment company......

Comments

  • Hi

    Their name has cropped up before. I suspect they will charge you for a dmp either by way of an upfront fee or taking a monthly %age.

    Don't use them. Try CCCS, CAB, Payplan or National Debtline who won't charge you therefore all your money goes towards paying your debts and not to some company who prey on the vulnerable. You'll also clear your debts a lot more quickly if you don't pay fees and creditors tend to respect a dmp with the ones I have mentioned and therefore tend to accept dmps as they know ALL the money you are paying are going to your debts.

    Good luck.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • fatbelly
    fatbelly Posts: 23,333 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Yes, various stories here and here and here
  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    yes, most companys wont accept their soa's as they charge a fee
  • fatbelly wrote: »
    Yes, various stories here and here and here


    I didn't read all the threads, only a bit of the first one but £800 set up fee :eek: and then 20% thereafter :eek::eek::eek::eek:

    Sharks.

    For those already in debt and struggling...they are just out to line their pockets.

    Although that figure depends on the level of your debt. But even so...
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • dont use them!!! they randomly called me one day and then harrassed me every day for weeks. i would get three of the same sales letter through the door every day. any company that does that is wrong wrong wrong!
  • samhuzz
    samhuzz Posts: 721 Forumite
    I know this is an old thread, but just got off the phone from them and they said they couldn't help me, no explanation why! Now I've read this thread it all makes sense, all of my debts are under a dmp that CAB set up for me so they wouldn't be able to rip me off, that's why they suddenly became uninterested and dropped me like a hot potato! I've had missed calls on my mobile from them for weeks (kept ringing while I was at work).
    Everyone I know wants to be a millionaire.
    Not me, I want to be a billionaire.
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Just as well they dropped the phone!

    As you say, they probably realised they can't make any money out of you. They prey on those who don't know about non-fee charging companies.

    Well done for going with the CAB.

    Hopefully, they've got the message and will stop phoning you now.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
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