Debt Management Companies:

Many UK debt management companies charge fees for their debt management plans.

Fee-charging debt management companies add charges to their single monthly payments you make to them under the terms of your debt management plan (DMP).

A standard debt management plan from a fee-charging company will cost you an extra £4,000.

 

Debt management companies - advertising rules 

Any fee-charging debt management company in the UK are promoting their services for free is breaking the rules for strict advertising that was introduced on 1st September 2010.

In the past, some organizations were found/pleaded guilty of misleading the public, claiming to offer "free" help and advice in their advertising, even though a typical plan from a fee-charging debt management company costs and is not a free service. The costs incurred for using a debt management company varies from firm to firm.

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