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

Anyone heard of Hannover Sterling?

My brother has finally had his debt free lightbulb moment and realised his debts are out of control. I have given him payplan and CCCS web addresses and they sent him info but he has however gone with Hannover Sterling who were recommended to him by a Financial Advisor his bank set him up to see.

I have no experience of dealing with them and although havent looked online yet to see has anyone else heard of them?

My brother is a bit cagey about whats going on and is a very private person so to get it out of him at all that he is getting help is a miricale so I dont want to press any further for info on HS and what he is paying as I dont want to be seen as interfering!
Thanks

Comments

  • scw1
    scw1 Posts: 392 Forumite
    No-one? Will look myself and see if I can do some digging!
  • I've not heard of them...but googled the name. It appears that they are a financial management company as opposed to a free debt management company, ie payplan and cccs.

    A quote from the about us page on their website....We are a rapidly growing and highly professional finance company

    I might be wrong...but it appears to me that there may be a cost involved in this to your brother. They are not going to do this for nothing and I can't see your brother's creditors paying them to sort out reduced payments etc.
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
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K 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.