We have put together a list of UK debt management companies, sorted by fees.
Compare Debt Management Companies
With information from diy-debthelp.co.uk we have listed companies in a table below:
| Company Name | Set up fees | Ongoing fees over 2 years | Total fees | |
| 1 | Bridgewood Financial Solutions | None | £630.00 | £630.00 |
| 2 | Money Debt & Credit | None | £718.80 | £718.80 |
| 3 | Money Village | None | £720.00 | £720.00 |
| 4 | Curtis Faraday | £175.00 | £603.75 | £778.75 |
| = | In Control Debt Solutions | £175.00 | £603.75 | £778.75 |
| = | Netchwood Networks | £175.00 | £603.75 | £778.75 |
| 7 | Debt Simple | £175.00 | £644.00 | £819.00 |
| 8 | CareFree Group | None | £840.00 | £840.00 |
| = | iDebtPlan | None | £840.00 | £840.00 |
| 10 | National Debt Relief | £175.00 | £690.00 | £865.00 |
Free debt management
As well as traditional debt management companies, some organisations in the UK offer debt management services.
Such companies include Step Change (CCCS) and Payplan.
Disclaimer
This should not be considered financial advice. Correct at time of writing. Fees may vary from shown above.
I’m not sure why you didn’t just include StepChange and Payplan in the same list as the others, but with zero fees. After all, they provide exactly the same service.
Why would anyone go to a firm that charges? Except of course for ignorance of the free alternatives…
Hi Sara,
Thanks for your comment, it is interesting to hear your perspective. I think because the purpose of the list was to expressly list ‘debt management companies’ by fees – I stuck to that as the definition.
I did try to very clearly and prominently list both the free organisations under the table.
The argument for why someone might want to go to a paid debt management company? This is of course a debate that we could discuss for a long time, with merits on both sides.
Just to briefly play devil’s advocate: unfortunately as I’m sure you are aware as a CAB advisor – things don’t always run smoothly or quickly in the free advice sector. It can takes weeks to get advice for some people.
Also some paid debt management companies will more aggressively try to get the overall debt down – by negotiating with creditors.
This is something Payplan for example may not do as effectiely, as they are actually a commercial organisation part owned (apparently) by the lending organisations themselves.
However we would agree that going to a free organisation is a good idea in many situations.
Thanks again for your comment Sara, we’d love to hear more of your thoughts if you ever want to submit an article!
Cheers