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.

Fees charged by other debt management companies.
Information correct as of 12 January 2010
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

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