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Get Your Debt Written off?? — 2 Comments

  1. Using these firms can be a very expensive option.

    They typically take TWO of your monthly debt reduction payments (calculated by them) as a “start up fee” before they do any work apart from telling your creditors that they will be “acting” on your behalf.

    Then they take a “management fee” of around 10% of your monthly debt reduction payments for the time they are “helping” you.

    Nice work if you can get it!

  2. Stuart, you are commenting about a debt management company, what johnnydebt is talking about is a firm charging someone to ‘write off’ their debts, something completely different.

    Johnnydebt, good short article that gets to the point, well said.

    Best wishes,

    Mike

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