• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • LegalBeaglesģ is a free forum, founded in May 2007, providing legal guidance and support to consumers and SME's across a range of legal areas.

    Please do not post your full name, reference numbers or any identifiable details on the forum.

Debt Compare Ltd

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Debt Compare Ltd

    I am writing on behalf of a friend who has got himself into a mess and Iím trying to help him out. He entered into a debt management plan with Debt Compare 6 months ago and is paying them £80 per month to pay off his creditors with a total amount owed of £1000. He received a letter today from them saying that they will now start paying his creditors £40 per month of the £80 and that they are the contact point. He was under the impression the whole £80 was going to them - whereas it has just gone to Debt Compare for the last 6 months and he thought he had wiped half his debt! They also told him to ignore any letters he received from his creditors in the meantime! Heís in a bit of a state so Iím trying to help - is there anyway of pursuing this to get some of the £460 he has paid to his creditors?
    Tags: None

  • #2
    Amethyst

    Comment


    • #3
      These ? Www . Debt compare . Co . Uk / pbs. ( I've not linked directly on purpose )

      Just check with him if it is they please first - also ask if he has a copy of any agreement with them and if he has signed up to any 'switching' utilities type schemes.

      Also what the debts are that make up the £1k he owes. Payday loans, credit cards, overdraft etc ?

      And when his next payment is due ( to debt compare )

      He'll likely need extracting ( they're not FCA authorised - So far as I can see ) but let's check situation. If you have any letters /emails from them try get a copy. Particularly that most recent letter.
      “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      FORUM: How to upload PICTURES and DOCUMENTS
      FORUM: How to find your Posts & Threads
      FORUM: How to Change your Avatar

      If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

      Find Solicitors offering fixed fees on our sister site - JustBeagle.com

      Comment


      • #4
        He may have been referred to a genuine debt management company... it would be illegal for Debt Compare to run a debt management plan,

        Comment

        View our Terms and Conditions

        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

        Announcement

        Collapse
        No announcement yet.

        Court Claim ?

        Guides and Letters
        Loading...

        upgrade to vip

        Want exclusive access to forums, more privacy and a live chat box? Upgrade to become a bigger part of our community.

        only £15/yr

        Offers available. No subscription traps.

        sign up now



        Search and Compare fixed fee legal services and find a solicitor near you.

        Find a Law Firm


        Working...
        X