Advice with my debt?

mjs12345

Hi, i am currently with a Debt Management Company called Gregory Pennington (which i have to pay £29.50 a month for!), i was just wondering if CCCS do the same job for free? such as keep the creditors off my back? My financial situation has changed drastically over the last month as i have lost my job and am currently only paying Greg Penn £90 a month, (but seeing as they take £29.50, only £60.50 goes towards approx £24000 worth of debt!)

Would CCCS take me on even though i am currently unemployed?
I have a partner and 2 children, but this probably doesn't make any difference.

Would Bankruptcy be a better option?

Any advice is so much appreciated.

thanks, look forward to a reply.

I_luv_cats

Contact CCCS and get their advice (you can do online debt resolution to see if Bankruptcy is your best way)

https://debtremedy.cccs.co.uk/start.aspx

CCCS apply all of your money to the creditors.

maidofrohan

I was with Gregory Pennington years and years ago!! Then I realised that I could negotiate similar, without having to pay a company a fortune each month for the privilege of doing the negotiating on my behalf....and the amount that I was paying GP for their admin went towards my debts.

Do the debt remedy thingy, and I'd definitely contact CCCS. And good luck

VanillaDelia

We were with GP too years ago, we didn't know the debt charities existed, then we found Payplan. At the time Payplan couldn't help us so we carried on with GP, then we found CCCS and have been with them ever since. We were paying something like £70 a month to GP for their fee and like a PPI type thing, they also forced a Think Banking Card on us at something like £8 a month. The also kept trying to offer us their Car Finance and Mortgage type products on us. Very odd!!

If you go to CCCS don't let GP try to tell you that what CCCS do is not half as good as what GP do, that's what they tried to do to us.

CCCS was the best move we did, now with all the money we give going to the debts.

As far as I know, as long as you have some income whether it is wages, benefits or what not, you can go on a plan with them, just as long as you have surplus that can be thrown at the debts.

I_luv_cats

Important note from debtwizard.com


It does not matter which firm you use as it is up to each individual creditor whether they wish to stop applying interest and charges to a debtor's account. Therefore this has no bearing on selecting one firm in preference to the other in the hope that creditors will stop the interest being applied.
Generally speaking a fee charging firm will have more resources to employ staff to harass creditors into freezing interest on your behalf, the sooner the interest is stopped on the account the quicker the debt will come down. Some say this is what you pay a firm to do.
Due to the current debt crisis in the UK the fee charging firms have seen a massive increase in demand for their services because the non fee charging firms, of which there are only a few, are often swamped and can take longer to set up these plans. Debtors need action sooner rather than later and many accept that they have to pay for such a service.

bottleofred

Hi mjs,

You should definately contact the cccs as if you stay on the dmp, all the money goes toward the debt. The £29.50 you currently pay GP will go off the debt and you'll get it cleared quicker. That would be over £300 per year! Regarding Bankruptcy, you should contact citizens advice to see what they recommend, although it will cost you to go Bankrupt (I paid £1000 14 years ago), although not sure how much it costs now.

mjs12345

GP currently handle both mine and my partners debt together, so we pay only one payment, do CCCS do this too?