www.iva.co.uk

Has anyone experience of debt line or their dmp operations. They charge only 15% f fees and say they have very good relations with creditors.

To be honest WinTheRace,I would phone up one of the DMP companies that post on here. They have good reputations, their fees won't be excessive and you can get support on here.

All DMP sites will say they have a good relationship with creditors - they wouldn't get any business otherwise.

You could also try Payplan, you won't pay fees to them, their money comes from the creditors.

Haven't you spoke to abacus? I doubt you will find any better for a dmp.

Have a look at the - Compare Debt Companies - section on the left hand side of this site? I know all of those companies well and they are all very reputable.

Thanks Melanie. I have opted for debt line as they only charge 15 % the rest charge 17 plus. They seem efficient and you get monthly statements and can drop out any time/switch to IVa

Good luck to you - I hope it works out for you in the way you desire.

Thanks, you have been extremely helpful and kind in your responses. If it doesnt work out in a few months hopefully I can reassess an iva. I believe all dmp and ditchable.

Its hard as there are so many companies to choose from. I just saw vincent bond and they seem great too! Tho I guess I need to just stick with debt line now I have payed. They both offer 15% anyhow.

You can switch to an IVA with any DMP - doesn't matter what company you are with.

Good luck.

Most DMP companies charge 15% of your monthly payment, unless you go with Payplan or CCCS. Its just a case of who you prefer in general.

all debt help companies will say they're great, but its upto you to take on what everyone says and also do a bit of your own research so that you can make a good choice that you will be comfortable with.

Im quite happy with them but just noticed theres no cap on their 15% fee unlike incent bond. I was told there was no cool down period if i paid with switch over the phone my first fee is this correct?

I have no idea at all if there is a 'cool down' period with any debt company. I suspect not as most of them will have done some initial legwork for you.

At the end of the day, it is who you feel comfortable with. If you are concerned about fees, then Payplan and CCCS are the two you should think about as you don't get charged any fees at all by them. It is the creditors who pay them.