Citizens Advice Bureau Debt Management

July 6th, 2010

Question: Can anyone recommend a debt management company.I’m with Gregory Pennington at the moment.Is anyone else with

Gregory Pennington on a debt management programme?Are they any good do you think.Trouble is G.P. charge fees.Theres so many debt management companys out there,such as Chilterns,Baines &Ernst,and many others,so it’s confusing.One company I wouldnt recommend is Churchwood,they were terrible.Poor customer service.They were’nt helpful at all,so I changed to Gregory Pennington a few months back.Is anyone out there also with Gregory Pennington for a debt management plan,as I’d like to know what you think of them?Does anyone recommend anyone else?Is anyone doing debt management with The Citizens Advice Bureau or C.C.C.S. and can recommend either of them?Any advice please,as i’ve 17 creditors to pay off and its going to take ten years or more to clear yet,unless i ever won a large amount of money or had any inheritance left me

Answer: I highly recommend the Citizens Advice Bureau

They are free. They are realistic in what a person needs to live on before they offer the remainder out to creditors. They check thoroghly that a person is fully liable for all the debts he has. They wipe off what they can and challenge who they want

They also have a wide database of charities and trust funds which they research to find any possible money that can be obtained to help pay some of a persons debts off.

Plus as they are specialists in the area and have been for a long long time… creditors are happy to deal with them on your behalf

Finance and Banking

Largely in response to the recent financial crisis, Congress has just approved the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (“Act”). The Act is an historic and wide-ranging piece of legislation that will result in significant changes to the regulatory framework, operations and supervision of the financial services industry.

Thurrock Citizens Advice Bureau: Mike Rawlings