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Who We Are

Why choose us? - Who we are

Welcome to the official website of Debtwizard.com.

We have clients in more than 80% of the nation's Police Forces as well as in the Prison, Fire and Rescue, and Ambulance Services, M.o.D, and in other public service departments. Founded and headed by Mike Thomas Debtwizard.com is one of the UK's leading debt counselling organisations. Through our trusted 3rd party we offer practical solutions, impartial advice with free debt solutions, including free debt management plans, for consumers in England and Wales. For residents in Scotland we offer Trust Deeds, Protected Trust Deeds, Sequestration and Debt Arrangement Scheme (DAS).

We have no sponsors and no hidden agenda.

 

Mike Thomas (head & founder)


000-mike-thomas

Former Metropolitan Police Officer now a TV & Radio contributor and founder of the fee-free debt help website debtwizard.com.

Media coverage includes BBC 1, News Channel, Sky News, Five News, ITV and in the press. Recently reported for BBC Inside Out London and had a new five day debt series on BBC 1, My Worst Deal.

Regularly appears on numerous regional radio stations and has an expert slot on LBC radio in their finance hour helping listeners with all aspects of personal debt, house & car repossession debt, creditors, debt collectors, bailiffs, credit problems, IVAs, bankruptcy, DROs and debt management plans.

Mike also trained further developing his personal counselling skills to enable him to help people with the psychological impact of coping with debt.

More links to Mike Thomas: Mike's Blog, Twitter use @debtwizard Google+

 

DebtWizard and Payplan (trusted 3rd party)

The Debt Management Company that has been chosen to work in association with DebtWizard is Payplan.

Payplan offers free to client debt solutions such as mortgage arrears or home repossession, bankruptcy, Individual Voluntary Arrangements (IVAs), Trust Deeds, Protected Trust Deeds, Sequestration and free Debt Management Plans in England, Wales, Northern Ireland or Scotland irrespective of your circumstances.

The advice you receive is free, without obligation and there are no upfront fees.

Mike is in contact with Payplan on a daily basis.

If you are offered a Debt Management Plan (DMP), an Individual Voluntary Arrangement (IVA) or a Protected Trust Deed PTD, then please remember that you will be under no obligation whatsoever to proceed with them.

 

How debtwizard.com is funded

Debtwizard.com believes in providing an ethical and transparent service, below are details on how we are 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.

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.

You will not be charged up-front fees for your IVA. The 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. Basically the creditor sets the fees in your IVA because if they are seen to be to high then the creditor would reject the IVA on that basis.

Where a visitor to this site makes a decision to use Payplan, our trusted third party, to arrange an IVA then provided Payplan are aware that you have come from us then a donation will be paid to DebtWizard.com.

So please go through us! 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.

You will not be charged 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, our trusted thrid party, to arrange an PTD then provided Payplan are aware that you have come from us then a donation will be paid to DebtWizard.com.

So please go through us! That way we will be able to continue to fund the running costs of both the website and the forum.

Thank you.

 

RAPID DEBT HELP FORM

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--

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No. of creditors

1

Current payments

£0 - £25

Affordable payments

£0 - £25

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