Debt Settlement / Full & Final Sttlement

funkyfresh07

Hi Everyone,

I need some help and advice.

I have been on a Debt Management Plan with Gregory Pennington since 2007 paying £34 per month account fee.

I have been approached by a company linked wth money expert - Immediate Financial, I am also looking into Debt Advisory Line and Settle-My-Debt where I am looking to do a debt settlement plan.

Doe anyone have any advice on this process or worked with any of these companies.

Anondebtadvisor

Be very careful....... some of these companies take your payment and dont not send it to creditors instead saving it to do a full and final settlement after a period of time. Does this sound the case?

By which time you could have CCJ's, Attachment of earnings orders or charging order against you - seek some alternative advice from CCCS before you make a decison

Time_to_face_the_music

funkyfresh07 wrote: »

Hi Everyone,

I need some help and advice.

I have been on a Debt Management Plan with Gregory Pennington since 2007 paying £34 per month account fee.

I have been approached by a company linked wth money expert - Immediate Financial, I am also looking into Debt Advisory Line and Settle-My-Debt where I am looking to do a debt settlement plan.

Doe anyone have any advice on this process or worked with any of these companies.

Why pay anyone to do this when you can do it yourself or use a free company like CCCS or Payplan? Your money should be going towards your debts not to line financial vulture's nests :mad:

Please check out this thread

https://forums.moneysavingexpert.com/discussion/2077631