Payplan or CCCS?

sfiente

I am new to this, like many my loans and credit cards were all in hand until my partner lost her job, I hae a child to support etc.

I spoke with my IFA who referred me to Eurodebt. After speaking with one of their advisors they seemed ideal, however I could not afford their fees. After looking on here it looks like I have done the right thing so I have been in contact with CCCS & Payplan.

When the guy from Eurodebt called to see if I had made a decision he advised that CCCS will very rarely push to stop interest on debts, as they have a close link with the banks which fund them. I called today and asked if this was true. I did not really get a response, I was advised they will ask but it depends on the debt and banks are generally not that willing. I have already filled in my details so they will know who my debts were with etc.

Payplan seem very proactive, they called me earlier this evening and seemed optimistic much like Eurodebt. They advised that looking at my creditors MBNA, HSBC & Tesco Finance that they would not see it being a problem freezing interest with these creditors, which was the same response I got from Eurodebt.

I advised both CCCS & Paypan that I have a rented property which I am only able to sell in July 2012. Paylan advised they would set me up on a DMP with a program which would offer a monthly payment with the intention to settle debts in 2012, of which they advised they would be able to negotiate a good discount.

I know these are both charitable companies that do not charge a fee, however I wanted some additional advice from anyone that do or have used Payplan or CCCS.

I have read a few articles who advised clients were not happy with Payplan, however I don't understand why they would try to be competitive as they offer a free service?

All advice would be appreciated as I don't want to get on a plan and find out that I may have made the wrong choice, it's something I need to get right promptly.

Thanks