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?

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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