If you have heard adverts on the radio and TV for debt management comparison sites or debt companies asking you if you are confused by debt, the way to actually clarify your questions or confusion is to speak to each company you have selected directly.

Prepare a list of questions that will help you identify if they are trust worthy and reputable, how can you be sure you can trust the actual comparison web site itself.

  • Who is doing the homework on the debt management companies being compared and how often is the information updated?

Lewis Alexander was approached by a service claiming to be a debt management company comparison website for people confused by debt, they offered us the opportunity to pay them to be listed on their site, we asked them why we should pay to be compared for the consumers best deal, they could not answer our question so we did not advertise with them.

The lesson we can learn from the likes of Direct Line Insurance is that they cannot be found on comparison websites. This is a very large company owned by The Royal Bank of Scotland Group, why would they not be on comparison websites if they were so beneficial to them or their customers?

The only way we could see a debt management comparison website working was if it listed every debt management plan available in the country to a consumer at the time of the consumer search, without a total comparison of all debt plans available, how would the consumer know which company offered the best deal?

  • They would only be aware of the best deal amongst the companies advertising on the debt comparison site. This is NOT a total comparison!

You should be very careful when taking information and advice on something as important as your personal finances.  A company that specialises in comparing companies is doing just that, you should take financial advice off of a company who specialises in giving financial advice and clearing consumer debt, not just one that tries to compare companies that actually do just that.

If you are confused by debt problems and solutions available to clear debts, you can call our free from a landline debt helpline 24 hours a day in absolute confidence using 0800  018 6868.

  • Our trained advisors are waiting for your call!
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