We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Debt reduction

Hi,

I am currently with a debt reduction company called Gregson and Brooke and was hoping someone else was too and could tell me if they are a good company? They seem it but I have only been with them two months. Always worries me that they are just taking my money and not paying my creditors.

Thanks

Hannah

Comments

  • pmlindyloo
    pmlindyloo Posts: 13,104 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Please do not use these fee paying companies.

    You can get the exact same service from free companies.

    See here:

    https://forums.moneysavingexpert.com/discussion/2077631
  • Mort
    Mort Posts: 552 Forumite
    Part of the Furniture 500 Posts Photogenic Combo Breaker
    edited 10 March 2012 at 1:56PM
    Definitely ditch them and go for the likes of Payplan or CCCS who will provide exactly the same level of service for free. This means all your payment goes towards your debts.
    I was with Payplan.
    Proud to have dealt with my debts, became debt free on 03/11/2011. Repaid £54,723.41 LBM May 2006.
    Debt Free Roll Of Honour #504
    Mortgage Free from October 2019
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    As above. CCCS and Payplan are non-profit organisations who will not make money out of you. The advice on here is always avoid fee paying companies.
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • 100% agree with the others .... why pay for something that can be done for free - which means you'll be DF sooner!
    Grocery Challenge £211/£455 (01/01-31/03)
    2016 Sell: £125/£250
    £1,000 Emergency Fund Challenge #78 £3.96 / £1,000
    Vet Fund: £410.93 / £1,000
    Debt free & determined to stay that way!
  • hannah01
    hannah01 Posts: 26 Forumite
    Thank you everyone for your help
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
  • 354.8K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.6K Spending & Discounts
  • 247.6K Work, Benefits & Business
  • 604.6K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.