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 | First month's payment | 17.625% | none |
| Baines & Ernst | First month's payment | 17.625% | Min £25 Max £90 |
| Chiltern | First month's payment | 16% | none |
| Gregory Pennington | First month's payment | 15% | Min £25 Max £100 |
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More Information on Debt Management



