moneyworries.co.uk. Is it the answer?

[dilligentknave]

Reading through some of these posts, my problem fades into insignificance. I stopped working approximately three and a half years ago. I completed a university course to try and better myself as there was no prospective employers banging at my door. I have a number of credit cards and other repayments to make out of my disability. I thought i had found the answer when i stumbled across moneyworries.co.uk. These say they are a non profit organisation who want to help. It would be good if it was true but i got myself into a mess beleiving what people say. I looked for any past comments on moneyworries.co.uk and have found nothing. has anyone had any dealings with these people and are they legit. Any comments, suggestions or other ideas would be greatly appreciated. (by the way, this is my first post)

[Bookworm]

Q. How much do I pay?
A. At Money Worries, we are committed to being completely clear and open about the charges for our services. Your first monthly payment is an initial fee for setting up our Payment Plan and is not paid to your creditors. This will place your accounts into arrears or further into arrears. There’s a monthly fee of 15% included as part of your affordable monthly payment (subject to a minimum of £25.00 and a maximum of £100.00).

There's your answer. If they are making money out of you for dealing with your debts, they're in it to make money, not to help you.

Avoid like the plague.

If you need this kind of help,

CCCS - Free Debt Advice from the UK's Leading Debt Charity

do it for free.

[PGH7447]

visit payplan or better still CCCS

CCCS - Free Debt Advice from the UK's Leading Debt Charity

their both free

sorry Bookworm I just noticed you had included the link

DilligentKnave I noticed you comment so try this link

Debt Advice Scotland | Debt Advice | Payplan

[dilligentknave]

Thanks for the info, i thought i shouldn't beleive it. I will check out the postings offered tomorrow and see what their story is.

[dilligentknave]

I went onto the CCCS website and completed a survey, giving information on outgoings and timeframes (no specifics) just to try and get a handle on my predicament. I was very pleased to be informed by CCCS once i had completed the survey that i don't actually have a problem. It is all in my head. This is very reassuring and i can sleep soundly once again.

[dilligentknave]

Originally Posted by dilligentknave

I went onto the CCCS website and completed a survey, giving information on outgoings and timeframes (no specifics) just to try and get a handle on my predicament. I was very pleased to be informed by CCCS once i had completed the survey that i don't actually have a problem. It is all in my head. This is very reassuring and i can sleep soundly once again.

With all the pieces of the rain forest that the credit card companies send out, in which they say 'making the minimum payments will greatly increase the length of time it takes to clear your debt'. I can't see an end to my situation as i briefly concentrate on one credit card, to get the balance down. The other cards shout don't forget us. So the CCCS was correct in one thing it said, i need to calculate an affordable payment plan for all my creditors and stick to it. Not easy when other things jump out demanding attention.

[PGH7447]

try the snowballing technique, with this you make the minimum each month to all the creditors less for the one with the highest interest rate, then when that is paid off you move to the next and so on, it takes a while but once 1 or 2 are gone it soon speeds up, of course dont forget to cut the nice little debtors cards up and cancel them when they are paid off, also look to see if you pay PPI etc on these if you do cancel that striaght away, this will lead to less being added every month