Free help is out there

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THOUSANDS of people are paying for debt help when they could be getting it free.

Google ‘debt management plan’ and the results show a mix of not-for-profit organisations, charities – and commercial firms – which are hard to tell apart, says Steve Wilcox.

Paid-for plans can add to someone’s debt. Commercial companies might not offer impartial advice, or fail to include options which would affect the amount of money they make, such as bankruptcy or debt relief orders, he said.

Steve said: “The whole industry depends on people being ignorant of their options. There is no additional value in paying for a debt management plan.”

The Consumer Credit Counselling Service is a charity which gives free, impartial advice.