Debt managemant warning

[axionmon]

Please all be aware that Debt reverse although still advertising has now passed all its accounts to Kensington finance
this company has now notified all Debt revers customers that they will be charged 1 months payment as an initial fee and then out of their second monthly payment they will pay each of your creditors £1 and retain the rest of the monthly payment as a set up fee
So to put it bluntly if you were with Debt Reverse and have now been passed to Kensington without any option, you are about to be ripped off for 2 of your monthly payments

 

[debthelp]

Axionmon - I am a member of the Debt Reverse support team and wanted to offer some clarification regarding your post.

At present, Debt Reverse keep the first 2 monthly payments into a customers Debt Management Plan plan as a setup fee. This is clearly explained to every customer during their initial telephone conversation with a debt advisor and is further explained in the confirmation pack that gets sent to all customers before they sign up to any agreement.

We make a token payment to all creditors out of the 2nd monthly payment.


If you are unsure please do not hesitate to call us on 020 8498 6780 and select option 4

Many thanks

 

[Witch consumer]

May I remind you this service comes free from debt management charities and the Citizens Advice Bureau, there is no need to pay for debt management or for that matter ppi claims