How debtwizard.com is funded

Debtwizard.com believes in providing an ethical and transparent service and here Mike explains how it is funded.

When an enquiry is received and all the circumstances have been considered, debtwizard.com refers the individual to either a non-fee or a fee charging debt management company, as appropriate.

Where a fee charging company is used and a debt plan is set up then debtwizard.com will receive a contribution. No contribution is received if a non-fee charging organisation is used.

If debtwizard.com refers an individual for an Individual Voluntary Arrangement, (IVA), then upon the creditors’ acceptance of the IVA, debtwizard.com will receive a contribution from the appointed firm of Insolvency Practitioners (IPs). The IP fees and contribution to debtwizard.com are taken from the contributions of the borrower over the term of the IVA. 

Debtwizard.com may also receive a contribution from their appointed firm upon acceptance of Trust Deeds and mortgage referrals.

Debtwizard.com also offers support with completion of bankruptcy forms and attendance at court and in such cases a contribution for this service may be received.

Debtwizard.com may also receive income from carefully selected companies through an affiliate scheme.

We have no sponsors, no advertisers and no hidden agenda, that way we cannot be influenced in the advice that we give. 

We have listed below organisations that also help for free.

The Insolvency Service

The Insolvency Service have launched their own guide called 'In Debt? Dealing with your creditors.'

You can view this guide by clicking on this link Insolvency Service Guide to dealing with debt. 

Citizens Advice Bureau

The Citizens Advice Bureau provide free, confidential and independent advice from over 3,200 locations including in bureau, GP surgeries, hospitals, colleges, prisons and courts. Advice is available face-to-face and by telephone. Some bureaux offer home visits and some also provide email advice. Their advice helps people resolve their debt, benefits, housing, legal, discrimination, employment, immigration, consumer and other problems and is available to everyone regardless of race, gender, sexuality, age, nationality or disability.

Some Citizens Advice Bureau can only give advice to people living or working in a certain area. You may wish to check this link www.citizensadvice.org.uk/index/getadvice.htm to see if they can help you.

Helpline: 0207 833 2181

Money Advice Centres

Specialise in financial problems and are run by the Citizens Advice Bureau (CAB) or local authorities in some areas, check telephone directory or on-line.

Money Advice Association

Helpline: 020 7489 7796

Money Advice Trust
21 Garlick Hill
London EC4V 2AU

Fax: 020 7489 7704
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

www.moneyadvicetrust.org

National Debtline

National Debtline is a national telephone helpline for people with debt problems in England, Wales and Scotland. Their service is free, confidential and independent.

National Debtline are committed to answering your call and then discussing your debt problems and the options available to you. The specialist advice that they give over the telephone is backed up with written self-help materials which they can send out to you for free. If your circumstances meet certain criteria, they can, if you are interested, assist in setting up a Debt Management Plan for you, for free.

Their opening times are: Monday - Friday 9am-9pm and Saturday 9.30am - 1pm

Helpline: 0808 808 4000

http://www.nationaldebtline.co.uk/