📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Dept Managment Plan With Gregory Pennington? More Hassle than its worth?

Oliverclews
Oliverclews Posts: 31 Forumite
in Debt-free wannabe
Ok so after spending nearly 2 hours on the phone with Gregory Pennington, they have advised me to go on a debt managment plan. They are charging lots of money, £225 arrangement fee, £32.50 per month...this is all well and good but Im due to start university in September and wont really be earning, im really worried as Im not sure weather to go into it as when september comes I wont be able to keep up with the payments, anyone got any better suggestions?

Cheers
Oliver

Comments

  • BlueAngelCV
    BlueAngelCV Posts: 671 Forumite
    That's extortionate!

    Try CCCS.
    Wedding 5th September 2015
  • glimmerofhope
    glimmerofhope Posts: 588 Forumite
    Hi
    There are free companies that can help
    Payplan
    CCCS
    National debt helpline
    Cab
    It would be worth calling these before you do anything else, they dont charge anything so all the money goes to your creditors
    Others will be along shortly with more advise
    Good Luck
    Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover."

    :pOfficial DFW Nerd 1365:p
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    What the others have said is correct :T

    contact one of the non fee charging companies they have listed

    Have you posted your SOA on here? use this link
    list of income and outgoings, maybe a tweak of one or the other,
    might help?
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture