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”.

Whilst it cannot be deemed unreasonable for these debt management companies to charge for such a service and for the high volume of administration required for each arrangement, we believe there is absolutely no need to pay someone for a service that can be offered for free.

Call Payplan today for free debt advice and free debt management plan advice on 0800 280 2816 , or submit your details online using our Debt Help Form

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