Fee-Charging Debt Management Companies

Over the last 5 years, there has been a significant increase in the number of organisations that are establishing themselves as "Debt Management Companies".

Many claim "free debt advice", but often charge for their debt management services.

Often the fees are taken as a percentage of the monthly payment made by the debtor and in some cases, there is also a non-refundable deposit to pay, which is considered a "set-up cost".

It cannot be deemed unreasonable for these debt management companies to charge for such a service, as there is indisputably a high volume of administration required for each arrangement.

However, the quality of the service provided by such fee-charging companies has come under constant criticism for many reasons:

More Information on Debt Management

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