FinancialWellnessGroup ?

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Just curious but has anyone here used the services of the Financial Wellness Group as a means of debt advice that can give any feedback?
Thanks 
:j
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  • sourcrates
    sourcrates Posts: 28,999 Ambassador
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    Gregory Pennington in disguise.

    Basically a collaboration between various debt management companies, now trading under the GP banner.

    Advice, as always, is avoid such companies like the plague.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Suseka97
    Suseka97 Posts: 1,562 Forumite
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    Always read the 'small print' and look for organisations that are non-fee charging.  You should check out the list of free debt advisers showing in sourcrates signature box.
  • warner82
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    Hi all

    Can anyone advise best way to terminate contract with this group? I reluctantly signed up as being self employed my options were severely limited.

    I've received a windfall which means I can pay off all my creditors, I'm wondering whether to do this first and then make the call to the FWG, or whether I should inform the group first before paying up.

    I should add that I am unable to find the T&Cs, the document I signed was accessed via a weblink which now just leads to a message saying doc signed by both parties.

    Any advice would be gratefully received.

    Thanks in advance  
  • elsien
    elsien Posts: 32,949 Forumite
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    Write to them an request a copy of the document/ terms and conditions? Did they not email one out when you signed up? 
    All shall be well, and all shall be well, and all manner of things shall be well.

    Pedant alert - it's could have, not could of.
  • sourcrates
    sourcrates Posts: 28,999 Ambassador
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    edited 27 November 2022 at 6:13PM
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    warner82 said:
    Hi all

    Can anyone advise best way to terminate contract with this group? I reluctantly signed up as being self employed my options were severely limited.

    I've received a windfall which means I can pay off all my creditors, I'm wondering whether to do this first and then make the call to the FWG, or whether I should inform the group first before paying up.

    I should add that I am unable to find the T&Cs, the document I signed was accessed via a weblink which now just leads to a message saying doc signed by both parties.

    Any advice would be gratefully received.

    Thanks in advance  
    What, exactly have you signed up to?

    They sell debt management plans, and IVA`s, so which was it?

    If it was a debt management plan, then a 30-day notice period will apply.

    Just terminate in writing, don`t mention the windfall, don`t pay anyone anything just yet. 

    If it was an IVA, then you should just stop paying, IVA`s can take up to a year to terminate, do not mention the windfall, and do not pay anyone, anything, until you have had written conformation your IVA has failed.

    You need to clarify your situation first off.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • warner82
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    Thanks for the quick replies.

    It is a debt management plan.
  • sourcrates
    sourcrates Posts: 28,999 Ambassador
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    warner82 said:
    Thanks for the quick replies.

    It is a debt management plan.
    Then advise is as per above.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • warner82
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    much appreciated

  • warner82
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    Hello again

    I formally ended the agreement in writing 12 days ago, the T&Cs state that I have 30 days to request copies of correspondence but I can end agreement at any time... do you think I can go ahead and pay off my creditors?

    Thanks once again, advice on here is fantastic!
  • fatbelly
    fatbelly Posts: 20,688 Forumite
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    edited 11 December 2022 at 2:47PM
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    Did you know that Gregory Pennington have been given the contract by the Money and Pension Service to be one of two suppliers of Debt Relief Orders (the other is Citizens Advice) from 1 Feb 2023?

    My understanding is that Stepchange will cease doing them.

    Of course Gregory P will not be using this as a means of getting people on to their fee-changing debt management plans, will they? Perish the thought.

    https://www.moneyandpensionsservice.org.uk/2022/11/24/money-and-pensions-service-signs-contracts-for-national-and-business-debt-advice-services-and-the-administration-of-debt-relief-orders-in-england/

    https://debtcamel.co.uk/dro-hubs-how-work/
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