Hamilton Locke

ukblondie1

Does anyone know if they charge to stop your DMP?

RAS

hi

What do you mean by "stop your DMP"?

ukblondie1

We currently pay them for a Debt Management Plan, they contact our Debtors and pay so much a month.

From anyones experience are you tied into a contract or can you just take over, ie you do the work and not pay them the fee?

Would this casue any extra fees or am I now stuck into a contract?

RAS

Hi

They will have given you terms and conditions. Those will list how much notice they require and what fee they charge. Usually the requirement is one month's notice (makes sense if you think about it).

ukblondie1

Was having a look through my docs and couldn't see any thats why i have posted, is that normally the general notice on Debt Management Plans?

Tixy

Certainly quite a few of the larger commercial firms have 1months written notice required.

Its on here http://www.hamiltonlockedebtmanagement.co.uk/terms-conditions-of-use/ section 9 (b), it says telephone or writing, personally I would go for in writing and keep a copy of the letter just in case.

Then you can either take over the managment yourself, each creditor will get a little more as you won't be paying a fee, or you could speak to one of the free debt advice charities.