Author Topic: Switch debt management company?  (Read 3114 times)

possum

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Switch debt management company?
« on: Oct 28, 2007, 01:11:22 AM »
hi Chris,

can you tell me if it is possible to change my debt management company? I currently pay them £70 per month. A friend of mine uses a debt company that charges nothing!

Possum.

Chris

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Re: Switch debt management company?
« Reply #1 on: Oct 29, 2007, 07:44:24 PM »
It certainly is possible and I would highly recommend it. I would get in touch with a free debt councelling service such as Payplan or CCCS. Both are reputable.

possum

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Re: Switch debt management company?
« Reply #2 on: Oct 29, 2007, 11:19:21 PM »
thanks for the reply.
my fear is that when my debt management company hears that I'm giving them the boot they could put a spanner in the works. maybe bad-mouthing me to my creditors or something.

Chris

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Re: Switch debt management company?
« Reply #3 on: Nov 02, 2007, 07:54:42 PM »
Payplan (or whoever) will contact your creditors to explain the situation. When they hear you have an extra £70 to pay them they will be overjoyed. And your debt will be paid off quicker. Everyone is happy (except for the overcharging debt management company).