Adverts for other sites and/or companies will be deleted
Debt mangement advice pls!
Help i need advice
My boyfriend and I have been struggling with our finances (all our finances are separate) and have been encouraging each other to save, cutting back our expenses together. I thought it was working well and we both were starting to see the differences when he told me yesterday he's decided to sign up to a debt management company.
I'm trying to discourage him as they are charging him £250 a month to manage his debt - but surely that money would be better off going directly toward his debt?
I think it's a ridiculous idea to sign up to this but he is convinced it's the way to go. What are the advantages of a debt management plan? should I discourage him from this? It seems like such a waste of money that could be going toward the £7,000 he owes.
If you feel that your
If you feel that your situation is working fine and you can see a noticeable difference in the amount you owe then you should probably continue the way you are. If you and your partner are finding it difficult to manage then give the advisers at the Debt Advice Trust a call. They will be able to provide free advice and recommend a solution that best suits your needs. If it is a debt management plan they will only only recommend well established debt management companies whose main objective is to help you get out of debt in the best way possible.