Other Debt Management Companies
Debt Management Company Fees
Payplan is free to everyone.
There are absolutely no hidden charges.
Most of the well-known debt management companies such as Baines & Ernst, Gregory Pennington, Harrington Brooks (All Clear Finance) and Chiltern, charge a monthly "management fee" which means that less of YOUR money goes towards repaying your debts.
Every penny you pay into a Payplan arrangement goes to your creditors and reduces what you owe. This is because we receive funding from the credit industry who recognise the need for a free service.
The table below shows the fees charged by other debt management companies.
| Debt Management Company | Set up fee | Monthly charge | Min./Max. fee per month |
|---|---|---|---|
| Harrington Brooks/All Clear Finance | 2 month's payment (subject to min of £295) |
17.625% | Min £35 / Max £90 |
| Baines & Ernst | 2 month’s payment + £70 admin fee |
17.625% | Min £35 / Max £100 |
| Chiltern | 2 month's payment |
17.5% |
Min £30-35 depending on monthly payment |
| Gregory Pennington | 1 month's payment |
15% | Min £29.50 / Max £90 |
Click here to see how much you could save with Payplan
More Information on Debt Management


