Who Funds Credit Repair Uk?

Unlike the so called free or even the charitable debt management companies, we are not funded by the credit industry. We are funded by you, the client and whilst this may at first seem expensive if you read on you will see why it is the sensible option. The main key advantage is that we are on your side, we are in no way beholden to the credit companies when negotiating with your creditors and this can dramatically reduce the amount you pay to settle your debt. You will also enjoy lower monthly payments and a better quality of life. This is because we do not have to worry about pleasing your creditors to keep our income stream our only concern is you the client.

As an client of Credit Repair UK you will:

Enjoy lower payments.

Get out of debt far quicker.

Pay less overall to settle your debts.

Have the benefits of frozen interest.

Why do free debt management companies perform so badly?

Because these companies are 100% funded by the credit industry (i.e. the companies you owe money to) there is an obvious conflict of interest, they are far more interested in recovering money for their paymasters than in looking after you the client.

Free debt management firms are focussed on getting the best deal for your creditors, and keeping their funding lines open, not on your best interests. They often set themselves up as charities to appear to be on the consumer's side and enjoy the tax advantages this brings do not be fooled. There is also no upper limit on the salaries paid out to employees so long as they keep their paymasters happy.

Below is a list of funders for one well known free service:

• Abbey
• Alliance & Leicester
• Bank of Scotland
• Barclay's
• Barclaycard
• Capital One
• Egg
• Halifax
• HBOS
• HSBC
• Lloyds TSB
• Marks & Spencer Money
• MBNA
• Nationwide
• National Australia Bank
• NatWest
• Royal Bank of Scotland

That accounts for the majority of unsecured funding in the UK, so how can this service possibly be on your side or even impartial?

How much do Credit Repair UK charge for debt management?

You will pay under 2% of your debt per year in fees. When you consider that significant part of your debt is likely to be written-off after 36 months and interest and late fees frozen or reduced, you will almost certainly save money when compared to free debt management. You will also save a huge amount over using credit cards, which typically charge around 16% - 25% per year.

Fees-based v's free debt management

When you pay a monthly management fee you will be personally looked after. We don’t offer just free debt counselling, our aim is to negotiate with your creditors a full and final settlement of the outstanding balance a.s.a.p. Most creditors will negotiate a full and final settlement usually after 36 months into a debt management plan.