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Hamilton reese problem
Doyley1503
Posts: 10 Forumite
Good Morning All,
I am currently on a debt management plan with the above and I am paying them £250 a month to be paid to my creditors.
On reviewing my payments I have realised that only £205.63 is in fact going to my creditors.
I was told that my first 2 monthly payments paid for the service and Ive been on the plan now for 3 1/2 years.
The plan was originally with William Goldberg and they then merged to become Hamilton Reese.
Any advice would be hugely appreciated.
Many Thanks
Daniel
I am currently on a debt management plan with the above and I am paying them £250 a month to be paid to my creditors.
On reviewing my payments I have realised that only £205.63 is in fact going to my creditors.
I was told that my first 2 monthly payments paid for the service and Ive been on the plan now for 3 1/2 years.
The plan was originally with William Goldberg and they then merged to become Hamilton Reese.
Any advice would be hugely appreciated.
Many Thanks
Daniel
0
Comments
-
Move to CCCS or Payplan they are free.Total Debt: £4610.75
Debt Free Date: May 2016.0 -
Commercial debt management companies usually charge a % managemen fee from your ongoing monthly fees, as well as the first 2-3 months being set up fees. Have you still got your original paperwork? it should mention these.
How long do you have left based on your current repayments?
Switching to a free provider - such as CCCS or Payplan will save you these fees and get you debt free sooner. Or some people decide they can manage the self-manged DMP route.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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