123 debt management

debtfreenm

I have two loans and two credit cards and not enough money coming in each month to pay it all off. I found details for a company called 123 debt management who can help me manage my debts by contacting my creditors etc and making me debt free withint 6-8 years. Does anyone know anything about them? Is it worth while doing? I have no other options!!!

Grumpelstiltskin

NEVER EVER pay a company to do a debt management plan when the charities will help you for free.

Please read this.
https://forums.moneysavingexpert.com/discussion/2077631

and do not believe anything the fee charging company tell you.

sickasachip13

You really do have other options - don't touch this company with a barge pole. Stay away from them, tell them you don't want their services and don't be tempted.

What they are offering is basically what you can access through the support and help of some debt charities - who won't charge you anything.

Read what Grumpelstiltskin has linked to and then go and ask these people a question:

https://forums.moneysavingexpert.com/discussion/2402327

jellybean39

Dont do it!!!!!!! Plenty of free help out there and on here! Good luck with getting htem sorted but these people rip you off and seen people worse off after these people get involved.

nottoolate

debtfreenm wrote: »

I have no other options!!!

yes you do. contact cccs or payplan

paying this company would be throwing money down the drain and would keep you in debt longer

fatbelly

Or self-manage a debt management plan.

If 123 can get your debts cleared in 6-8 years, the other avenues can do it in 4-6 years as ALL your payments go to your creditors.

But if you seek independent advice from organisations that do not view you as a cashcow, then you may find that you have other options. We do not know enough about your situation.

Previous advice seems good, and helpful links.

DS4215

As the others above have said, speak to CCCS who will help and advise you for free and without being judgemental.

If you post a SOA then people can go through it and advise you of ways that you might be able to make things work.