Anyone used Tully for debt advice?

Nicosy

I've heard there's a similar thing called Rent-flex that is being developed for those in Housing Associations, means they can pay their annual rent in flexible unequal payments (e.g. less around xmas, more in the summer, etc).

WhenIam64

Interesting concept though.

Shouldn't quote my own quotes but ...

There is nothing proprietary about what Tully are offering. If it is successful, it will be adopted by all, and Tully will fade into insignificance behind the big boys of the industry.

Unless they have something that no one else offers then why be an experiment when most are in a fragile state anyway.

sourcrates

It appears they can only offer the flexible payment arrangement if you owe money to specific creditors that they work with, I guess they would need their agreement beforehand.

Rest of the offerings are the bog standard choices available anywhere, however with the new regulated DMP soon to be launched, I cannot see why this flexible service would catch on.

ferry

sourcrates wrote: »

It appears they can only offer the flexible payment arrangement if you owe money to specific creditors that they work with, I guess they would need their agreement beforehand.

Rest of the offerings are the bog standard choices available anywhere, however with the new regulated DMP soon to be launched, I cannot see why this flexible service would catch on.

SC - where can we find out about the new regulated DMP details please?


Thanks

Willing2Learn

ferry wrote: »

...where can we find out about the new regulated DMP details please?

I believe sourcrates is referring to the Breathing Space scheme.


https://www.gov.uk/government/consultations/breathing-space-scheme-consultation-on-a-policy-proposal/breathing-space-scheme-consultation-on-a-policy-proposal#introduction-to-statutory-debt-repayment-plan

sourcrates

ferry wrote: »

SC - where can we find out about the new regulated DMP details please?


Thanks

Willing2Learn wrote: »

I believe sourcrates is referring to the Breathing Space scheme.


https://www.gov.uk/government/consultations/breathing-space-scheme-consultation-on-a-policy-proposal/breathing-space-scheme-consultation-on-a-policy-proposal#introduction-to-statutory-debt-repayment-plan

Yes, the statutory debt repayment plan, kindly linked to above.

Supposed to have been further clarification by now, but something else appears to have been occupying parliamentary time this summer.