im confused and need advise

denise007

:eek: im currently working with a debt recovery agency who are trying to help me clear all my debts. I am paying them just under £30 a month for this service, my issue is that I have been told that i need to save at least half of what i owe in order for the rest of the balance to be written off, how do i save this much money, i do not really have enough left over each month to be able to save anything ........

saffronflowers

Hi and welcome - if you fill in a SOA then we can see where you can save money etc and also how much you owe.

Here is the link on how to od it

http://forums.moneysavingexpert.com/showthread.html?t=107280

SFx

chevalier

Hi there
Welcome to the boards
If you are PAYING a firm to sort out your debts, then stop. CCCS and Payplan are FREE companies who will manage your debt plan for nothing. So that £30 you are paying as a fee at the moment will go as extra to your creditors.
chev

Ytaya

Are you commited to staying with this agency? There are others who do this exact same thing for free - that's £30/month extra you could put towards your debts! Try CCCS or Payplan - many, many people here have had really positive experiences with them.

denise007

im not sure if i have a get out clause, but for every £168 i give them, they take £30 for themselves

rayday2

Get your original paperwork out or visit there website and look at there terms and conditions.

I think if you are paying that much then National debt helpline can do one for free too we did not have £100 spare so we could not go with them but follow there plan but me doing the work.