Members of the Association of Finance Brokers
Licensed under the Consumer Credit Act
Moving Debt Management Company or Service?
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There are implications and things to consider as well as do, when moving debt management company.
If you have decided to move from one debt management company to another, there are things you should be aware of and things you need to make sure you do.
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Cancel your Authority to Act with the company you are with.
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Advise creditors you are now using another company or service.
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Stop all payments to your existing debt management company.
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Hold on to your new post from your creditors.
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Set up new payments to creditors or your new chosen debt service.
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If you are using a new service remember to sign the relevant Authority to Act form and return it.
If you are moving debt service or company, or simply wish to switch debt plan, ask yourself if you have given this company time to help you.
Most consumers think that once the debt service they have instructed takes over, all their problems will go away over night.
This is not the case, if correctly managed your finances will take time to correct and moving company does not usually clear debt any quicker.
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If you are thinking of leaving your existing debt help service, call our FREE and personal debt helpline first in total confidence using;
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0800 018 6868