Spencer Hayes Debt Management - In administration

richardgc

Has anyone else been told this company has gone into administration

fermi

I've just checked their FCA entry and I'm afraid it confirms that they are in administration.

http://fca-consumer-credit-interim.force.com/CS_RegisterSearchPageNew

fermi

So I presume this is the SH you referred to here --> debt Management company

How did you discover they were in admin? Who "told" you?

richardgc

I was calling them about my daughters account with them, a different company picked up the phone. Said sorry no more SH. So poor daughters going to get a lot hell ontop if Xmas from owed debts bless her

fermi

Which company answered the phone then?

Have they taken over the accounts from SH to continue running a DMP

Or are they the administrators?

Or something else?

patman99

Not if you point your daughter to Stepchange. Unlike SH and their ilk, Stepchange is charity (along with Payplan, MAOnline and National Debt Service).

They will happily set up a DMP for her. At that point, she will be happy to know that every penny she sends to them will reach her creditors rather than going in admin fees.

fermi

Yes - get free impartial advice on what the best option to continue with is ASAP.

If that is a DMP, then switch to Stepchange.

I hope Spencer Hayes have been passing the money they have received to creditors. Have been several similar debt companies go under lately, and in some ones they have not been paying creditor as they should for quite some time. Hopefully that is not the case here.

If you can please post up all the info you have about what is happening to this company and your dealing with whoever it is with now, as that will undoubtedly help other customers who may only just be finding out about this and landing here from Gogle searches etc.

Thanks.

sourcrates

richardgc wrote: »

I was calling them about my daughters account with them, a different company picked up the phone. Said sorry no more SH. So poor daughters going to get a lot hell ontop if Xmas from owed debts bless her

Come on Martin, cant you "pick up the baton" on this one ?

There are so many Fee taking DMC`s going bust at the moment, taking all of there clients money with them, something seriously needs to be done about the way they operate, and how they drum up business.

But most of all people need to be made aware of there sharp practices, and that there are free alternatives.

Needs someone high profile to set the ball rolling...........

fermi

http://www.toomuchdebt.co.uk/css/5494443a435e4_Letter_to_Client_Database.pdf

fermi

Report: http://legalbeagles.info/wp-content/uploads/SpencerHayesLimited-JointAdministratorsSIP16Report.pdf