How debtwizard.com is funded
Debtwizard.com believes in providing an ethical and transparent service and here Mike explains how it is funded.
The Debt Management Company that has been chosen to work in association with Debt Wizard is Payplan.
Debt Management Plan Fees
If a debt management plan is set up for you by our trusted 3rd party, Payplan, then you will not pay fees, they will be paid instead by your creditors/lenders. Debtwizard.com will therefore not receive any commissions or contributions.
Individual Voluntary Arrangement (IVA) Fees
As part of the process of setting up an IVA, Payplan will assess your income and expenditure. This will help them ascertain your monthly contributions into the arrangement, ensuring that you can afford them and giving your arrangement the best possible chance of success.
Payplan do not charge up front fees to begin the IVA process. Fees vary according to the overall level of debt and are built into the regular monthly payments. A schedule showing the level of fees to be charged in an IVA is included within the IVA proposal for you and your creditors to see.
Where a visitor to this site makes a decision to use Payplan to arrange an IVA then provided Payplan are aware that you have come from us then a donation will be paid to DebtWizard.com. That way we will be able to continue to fund the running costs of both the website and the forum. Thank you.
Protected Trust Deed (PTD) Fees
As part of the process of setting up a Protected Trust Deed Payplan will assess your income and expenditure. This will help them ascertain your monthly contributions into the arrangement, ensuring that you can afford them and giving your arrangement the best possible chance of success.
Payplan do not charge up front fees to begin the PTD process. Fees vary according to the overall level of debt and are built into the regular monthly payments. A schedule showing the level of fees to be charged in a PTD is included within the PTD proposal for you and your creditors to see.
Where a visitor to this site makes a decision to use Payplan to arrange an PTD then provided Payplan are aware that you have come from us then a donation will be paid to DebtWizard.com. That way we will be able to continue to fund the running costs of both the website and the forum. Thank you.
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