Why pay fees for a debt management plan? See how much we could save you
A fee charging debt management company is a firm that will charge you for debt advice and debt service. They usually take the first two months’ payments into your plan as upfront costs followed by 15% of your monthly payment plus VAT. The New Protocol launched in February 2013 will mean that the up front fees will be taken over six months. See Debt Management Protocol
There are some good fee charging firms operating in the debt industry and if you are happy with your firm then fine. However there are some shockers out there and we have the following guide to help you spot them, see our 7 point guide to spotting a dodgy debt advice website!
If you are thinking of starting a debt management plan or wish to transfer to a 'non' fee debt management plan and not pay fees then see how much we can save you by using the slide bars on our unique fee saving calculator above.
Welcome to the fee-free debt help website.
Together with Payplan who is our trusted 3rd party, we aim to help you manage any debt issues you may have, with no-nonsense free debt advice and maybe save you thousands in fees!
You can find information about free debt management plans and IVAs for those residents in England and Wales by clicking on the links above. If you reside in Scotland then we can help with Trust Deeds and Protected Trust Deeds as well as Debt Arrangement Scheme (DAS)
We are here to help, not to judge and we don't charge fees.
What is an Individual Voluntary Arrangement, IVA?
An IVA is a process of clearing your unsecured debts, such as credit and store cards, personal loans, payday loans, bank overdrafts and mortgage shortfall following house repossession.
We help you work out what you can afford to pay each month. Once approved then all interest and charges will be stopped and you are protected from any legal action from those lenders that feature in your IVA.
The key points of a Debt Management Plan, DMP
* No fees, no charges, no admin costs and one affordable monthly or weekly payment
* Possible to get the interest and charges frozen and you will be able to view your DMP online
* Access to free budgeting advice and ongoing debt plan support
DebtWizard’s trusted 3rd party provides expert IMPARTIAL free debt advice & free debt solutions.
See how much we can save you in fees and reduce the time of the DMP by using our bespoke 'DebtWizard Fee Saving Calculator' above. Read more on Free Debt Managment Plans
PPI Claims - we can help you claim back any mis-sold Payment Protection Insurance PPI whilst you are in a DMP
Bankruptcy is one way of dealing with debts you cannot pay.
The bankruptcy proceedings:
* Free you from overwhelming debts so you can make a fresh start, subject to some restrictions
* Make sure your assets are shared out fairly among your creditors.
Once you are made bankrupt you have a duty to provide information to the official receiver and the trustee, and attend their office as and when required. Read more on Bankruptcy
Why pay to get help filling out the bankruptcy forms? We show you for FREE with our Bankruptcy support
A Scottish Trust Deed is designed to help Scottish residents clear unsecured debts such as credit or store cards, payday loans, personal loans and bank overdrafts. Once the Trust Deed becomes 'protected' then it will;
*Give you full protection from your creditors
*Freeze interest and charges & enable you to be debt free in 36 months
*Write off all the debts you can’t afford
Take me to helpful questions & answers plus advantages & disadvantages of a Protected Trust Deed
Depending on your circumstances you could be debt free in three years; to find out if you qualify then telephone 0800 197 8433 8am - 9pm or complete the rapid debt help form and we will call you.
What is a Debt Arrangement Scheme (DAS)?
In November 2004 the Scottish Government introduced new legislation aimed at dealing with unmanageable debt with its Debt Arrangement Scheme (DAS).
The scheme provides for a flexible Debt Payment Program (DPP), which can be for any amount of money or for any reasonable period of time, enabling those consumers with debt issues to repay their debts in full, over a longer period of time without fear of legal action against them.
Read more on Debt Arrangement Scheme (DAS)
To find out if you qualify then telephone 0800 197 8433 8am - 9pm or complete the rapid debt help form and we will call you.
Are you owed thousands of pounds in mis-sold Payment Protection Insurance (PPI)?
If so we can help you claim in two ways, either use;
our free DIY template letters, or
a firm to help you with a LOW FEE of 12% + vat
Our recommended firm will handle all the claim on a "No Win, No Fee" basis for a fee of just 12% + vat, which is only payable if you have a successful claim.
It's that simple. Take me to:
Why pay a firm up to £1,000 for them to help filling out the bankruptcy forms? We show you how to do it for free Read more...