- Wed Dec 31, 2014 1:38 pm
I FULLY concur with what Sarah has said, especially as to why pay them.
With either Payplan or StepChange ALL you monthly payment goes towards the debts, not just a percentage as it is with HB. This is what they charge YOU (from their website, but well hidden)
Financial management fees
An Initial Fee is the set up cost of your plan, which is set at 50% of your first 6 months payments up to a maximum of £1400 with minimum of £240. Whilst you pay initial fees, available payments will be made to creditors as soon as is reasonably practical.
Thereafter a monthly fee of £38 will be charged subject to a maximum of 50% of the payment received.
And there is worse to come, Harrington Brookes has been censured by the FCA for NOT communicating with some customers’ creditors, meaning that interest and charges on their debts were frozen late or not at all, and worse still they had not informed customers of this fact. This meant that debts were going up and not down!. (FCA released information)
So please also look at PayPlan or StepChange sooner than later, and make it one of your New Year Resolutions that you keep.