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Spectrum Financial

Has anyone had dealings with this company. I am currently using them as my debt mgmt company but 6 mths into my informal agreement - there level of service is pants

Interested in hearing from any others out there who have similar horror stories.
MAC

Don't use SPECTRUM for a DMP
Real Golfers go to work to relax

Comments

  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Ditch them and speak with CCCS or PAYPLAN.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • conar686
    conar686 Posts: 97 Forumite
    rog2 wrote:
    Ditch them and speak with CCCS or PAYPLAN.

    I'm seriously thinking of it - A hint as to why you feel this would be a fwd step would be helpful
    MAC

    Don't use SPECTRUM for a DMP
    Real Golfers go to work to relax
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Primarily because they are charities, and offer free advice. Some of their services can incur charges, by their very nature, but these will probably be significantly less than people like Spectrum (there are threads where these type of companies are taking out in excess of 40% of what you pay them).
    Equally, creditors are more likely to take offers more seriously from CCCS/PAYPLAN.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    It won't take you a minute to follow the consumer Credit link at the top of the page.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
  • conar686
    conar686 Posts: 97 Forumite
    rog2 wrote:
    It won't take you a minute to follow the consumer Credit link at the top of the page.

    Sent mail to cccs with copies of FSA

    Tks
    MAC

    Don't use SPECTRUM for a DMP
    Real Golfers go to work to relax
  • desmonds
    desmonds Posts: 97 Forumite
    conar686 wrote:
    Has anyone had dealings with this company. I am currently using them as my debt mgmt company but 6 mths into my informal agreement - there level of service is pants

    Interested in hearing from any others out there who have similar horror stories.


    Hi,

    I had some guy from spectrum at my house and he stayed for 5hrs:eek: :eek: :eek: :eek: :eek:

    and left after midnight:T :T :T :T :T :T

    He tried to get me to cough up £3500 to start the plan and was going to offer all creditors £1 indefinately.

    He was a con so my advice is payplan, cccs, CAB

    desmonds
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