Leaflet - where to find help
- 1. This is a specialist debt charity which will help you reach decisions about the full range of options available to help manage your debt. Most importantly, they can provide you with a Fee Free Debt Management Plan. www.stepchange.org Tel: 0800 138 1111 Payplan is another organisation which can offer you a Fee Free Debt Management Plan. Payplan are not a charity, but they are funded by the industry, so every penny you pay will go towards reducing your debt. www.payplan.com Tel: 0800 716 239 Part of the Money Advice Trust, National Debtline provides free and impartial telephone advice service. Their website also has some useful tools and information. www.nationaldebtline.org Tel: 0808 808 4000 Remember, money you pay in debt management fees is money that could be used to reduce your debt. Avoid the fees and you could be free of your debt much sooner. © Derbyshire Districts CAB 2014 Are you being hammered by debt management charges? YYoouu sshhoouulldd NNEEVVEERR hhaavvee ttoo ppaayy ffoorr hheellpp wwiitthh ddeebbtt
- 2. Every year thousands of people struggling with their finances approach debt management companies for help with their debts. They pay huge fees for debt solutions, such as a Debt Management Plans – a service that they could get elsewhere for free. You should NEVER have to pay for help with debt You can get help from charities and other not-for-profit organisations. Advice is Independent and Impartial and the Help and Assistance you will get is Free. No Fees. No Sales Pitch. And every penny you pay goes towards reducing your debt. The Right Kind of Help The first thing you should do when you find yourself in debt is very simple: Don’t Panic You can get help but hasty action could put you in a much worse situation. There are many commercial companies who will offer a solution to your problem, but the option they put forward may not be the best one for you – especially if it a big chunk of your money is going to go on fees. You need to take proper independent advice from someone who has your best interests at heart. Getting Advice There are plenty of places you can get free and independent advice: Citizens Advice Your local CAB will go through your situation and identify which options could work for you. This could be bankruptcy, a Debt Management Plan, IVA or a DRO. They won’t pressure you into a particular option, but they will make sure you understand the pros and cons, support you to take action or refer you to an organisation that can help. To find details of your local CAB visit: www.citizensadvice.org.uk