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Why aren't Payplan recommended by MSE anymore?

2

Comments

  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    Tixy wrote: »
    I think that might be CCCS you are thinking about (which are partially funded by 'the credit industry')

    Payplan make money from selling insurance, IVAs and other financial products.
    Nice to know :eek::eek::eek:
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • DarkConvict
    DarkConvict Posts: 6,347 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Im with angeluk, it wasn't till the other day did i read the post that PayPlan aren't recommended anymore, I believe CAB do still recommend them though as my ex-Landlord gave me details to pass on before i came to MSE.

    Im sure they used to be on this list thou - http://www.moneysavingexpert.com/loans/debt-help-plan#help
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Tixy wrote: »
    I think that might be CCCS you are thinking about (which are partially funded by 'the credit industry')

    So are PayPlan:

    http://www.payplan.com/how-are-we-funded.php
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    DarkConvict wrote: »
    Im sure they used to be on this list thou - http://www.moneysavingexpert.com/loans/debt-help-plan#help

    They were in a lot of people's signatures, but not sure about that article?

    archive.org isn't cooperating at the moment, so I can't check.

    I took them out of my signature when they started touting IVAs. They have always seemed just that little bit too fond of advising an IVA, but it's hard to say for certain with these things?
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • DarkConvict
    DarkConvict Posts: 6,347 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    End of the day, helping to get out of debt has to be a free service for obvious reasons, if they touted for paid business when it was not a suitable option, i don't blame you.
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Can't find any mention of PayPlan with archive.org...

    http://web.archive.org/web/*/http://www.moneysavingexpert.com/loans/debt-help-plan
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    DarkConvict wrote: »
    End of the day, helping to get out of debt has to be a free service for obvious reasons, if they touted for paid business when it was not a suitable option, i don't blame you.

    Totally agree with that mate:T:T (why do you thing I have problems with Bacon &Eggs)
    I_A, fermi
    I do remember them being on the list , but they were took off it 6-9 months ago
    i think
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • Tixy
    Tixy Posts: 31,455 Forumite
    I thought they were mentioned in one of the main articles in the past (like Numpty I'd have said about 6months ago) but I could have mis-remembered :o
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Numpty_Monkey wrote: »
    I do remember them being on the list , but they were took off it 6-9 months ago
    i think

    They weren't on it in 2007 & 2008. Just checked.

    I suppose they could have been there briefly, but I suspect not.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    Honest fermi they were there, they were definatly on in 2007,
    I called them just before I joined here
    (and didn't want to help)
    I'm sure you had it your sig when you became a BG???
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
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