What will it cost me?
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At Lewis Alexander, we believe in debt reduction, not just the management of an individuals debt.
This means hard work on our side making sure that your interest and charges are kept to a minimum, if not frozen and stopped. At Lewis Alexander we make no secret of the fact that we do charge for our services.
The following debt management plan charges allow us to work for YOU with YOUR interests at the heart of everything we do and are explained and agreed upon before we start any work.
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For debt management payments of £100-£249 we charge £35.
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For debt management payments of £250-£349 we charge £50.
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For debt management payments of £350 and above we charge £65.
Debt help and debt advice should be good value. If you are charged for debt consolidation advice on high rate phone lines stop and think! These companies are not helping you!
Lewis Alexander can help you pay off your debts through one affordable monthly repayment and we will attempt to freeze the interest and charges that are being applied to your store and credit cards. There are no guarantees that interest and charges can be frozen and any company that does make such claims you should beware of unless they are advising you about an IVA.
Debt help can be costly if you choose the wrong advice.
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This is why Lewis Alexander offer a debt helpline.
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Do not pay for debt consolidation help or debt management help.
We will give you tailored debt consolidation advice based on your personal situation.
Our Fees Compared to Other Debt Management Companies
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Most debt management companies charge clients a percentage of their monthly repayment. Which means that when a client tries to pay more each month, they find that the debt management company they are using, can take more of their money before distributing it to their creditors.
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This is not the case at Lewis Alexander as we charge a SET/CAPPED fee!
We keep your first and second payment to our company, these payments form an administration charge for setting up your debt management plan, the amount you pay is set by your disposable income which is arrived at by deducting your total expenditure from your total income. Your first and second payment does not get distributed to your creditors. Your accounts will fall further into arrears due to the first two payments being kept by ourselves, your creditors could also issue a default notice.
We then take our ongoing fees as listed above, out of your monthly payments. These are for distributing the funds to your creditors, dealing with your letters from your creditors and you on a monthly basis.
Free to client Debt Charities
A debt charity or free debt service will not always offer to deal with your creditors for you, they sometimes only advise you on how to deal directly with your lenders which is known as self debt management.