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Debt Recovery Agencies

I am currently with a debt recovery agency and i have recently read that some do not actually pay enough towards the debt and keep the money for themselves!

Could someone please help and let me know if there is a good agency to go with such as a government backed one?

I have multiple debts and would find it hard to manage them by myself.

Please could anyone help?

Thanks

Comments

  • alex_leeds wrote: »
    I am currently with a debt recovery agency and i have recently read that some do not actually pay enough towards the debt and keep the money for themselves!

    Could someone please help and let me know if there is a good agency to go with such as a government backed one?

    I have multiple debts and would find it hard to manage them by myself.

    Please could anyone help?

    Thanks

    CCCS/Payplan/Christians against Poverty all are FREE.

    Good place to start is here:

    Where to seek professional impartial advice about your debts

    Best

    SnV
    LBM & Debt July 2010 [STRIKE]£19,000[/STRIKE] now - £11,619.60 Long Haul Supporter #247

    Remember Income > Expenditure = MSE Heaven :A and Income < Expenditure MSE Hell :(

    Current STB (sticking to budget) Counter - day 109 (Personal Best - 109 days!)
  • Fraid so, you are best paying your creditors direct. Let us know all your debts, income etc and we willl be able to help.
  • podperson
    podperson Posts: 3,125 Forumite
    Ninth Anniversary 1,000 Posts
    Assuming you mean a debt management company? I would suggest getting the full details from them on the kind of plan you are set up on and what fees they are taking - was this not discussed with you when you set up with them? If you are with a private company then they will be charging you a percentage for dealing with it so get changed over to a free dmp with one of the companies mentioned above. CCCS and CAP are both charities and Paypal runs a free dmp service.
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