A fee-charging debt management agency will charge fees for organising and managing your debt plan. These fees will be taken from your monthly repayments, meaning your debt will take longer to pay off.
A fee-charging debt management agency will usually take their charges from the monthly payment you make to your debt management plan (DMP). This has the potential to add literally thousands of pounds to the overall amount of money you pay during the term of the plan.
As the UK’s foremost debt help charity, all our services are free of charge, including the debt management plans (DMP) we arrange. This means that if a DMP is the best debt solution for you, everything you pay will go towards reducing your debts. You will therefore be debt free quicker.
Debt management agency rules
If a fee-charging debt management agency in the UK advertises their services as free, but actually charges a fee, they are in breach of strict advertising rules.
Debt management agencies also have to comply with Debt Management Guidance published by the Office of Fair Trading (OFT).
Free debt management
Here at CCCS, we offer debt advice and debt management that really is completely free and complies with the OFT requirements. There are no hidden catches. Find out the best debt solution for you by using our online debt counselling service, CCCS Debt Remedy.