On This Morning!
Debtwizard Facebook Debtwizard Twitter
Call 0800 197 8433 (Mon to Fri 8am-9pm, Sat 9am-3pm)
Mobiles cheaper on 0207 785 1110
Free, simple debt solutions & free debt advice

DebtWizard Fee Saving Calculator

Why pay fees for a debt management plan? See how much we could save you

How much unsecured debt do you have?
How much can you afford each month?
Based upon you paying in fees*
when added to your level of debt we
can reduce your payment period by months...
... and save you

in fees.

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.

Changes to Credit Union rule will benefit consumers

Page last updated Sunday, 08 January 2012

Up to now Friendly Societies did not pay interest on savings, instead paying a dividend and they had to have a "common bond" which restricted its membership to certain groups.

However new rules mean that from the 8th January, such financial co-operatives can, for the first time, pay interest on savings and provide their services to a wider range of groups. The changes will enable them to compete more effectively with banks and more consumers will be able to take advantage of the style of banking Credit Unions offer.

The move comes about as a result of the commitment to promote this area of financial service and the number of Credit Unions, now running at a little over 400 with around 1 million members, is expected to increase.

Read more on How credit unions work and their key points.

Speak your mind


Your comment will be moderated before it shows up.

There are no comments posted yet.


As featured in:

BBC - My Worst Deal, BBC Radio, Daily Mirror, the guardian

For no nonsense advice just submit the short form and Mike or one of his team will get back to you.

Unsecured debt

--Debt Amount--

Home owner

Yes No

No. of creditors


Current payments

£0 - £25

Affordable payments

£0 - £25



Email Address

Phone Number


Yes No Can we leave a voicemail

Yes No Can we contact you via SMS

Yes No Can we contact you via email

Best time to call


Please note: If you continue you are agreeing to our privacy policy, available here.


Our chosen firm will handle all the claim on a "No Win, No Fee" basis with a fee of 12% + vat, which is only payable if you have a successful claim.

Read more Help with PPI claim - Low fee 12% + vat


Do It Yourself (DIY) with our two template letters

Read more Free PPI template letters




Frightened huge debts - my husband does not know
by Flora > 23 replies, 5425 views