My Debt Management company wants all my cash to give to my creditors

glentoran99

if you stop paying your creditors they will soon contact you, I wouldnt let that stop you leaving the fee charging DMP company

glentoran99

happybunny86 wrote: »

I used step change for a debt management plan. They dont charge anything and were absolutely fantastic. Step change obviously knew who my creditors were but due to data protection no company would give them an updated balance. I imagine this would be the same with your company. I used to call/phone/email my creditors every 6 months for an updated balance and update step change on the new balance.
I found going through a charity such as step change easier then negotiating by myself. They had better cut through with my creditors that I was taking paying them back seriously and were able to stop interest on some of my debts. I also struggled to organise money/budget at the time so it was much easier just to pay a lump sum to one place on pay day for all my debts. Hope this is helpful

really? first thing the company i used did was get updated balances from the creditors

MUM40

Also check with noddle who are a free credit reference company