What should you do when your debt management company goes out of business and closes? There has been some debt management providers who no longer provide the service and as such have informed their clients to seek debt advice from a registered charity.
At Debt Support Trust, we've experienced an increase in the number of people contacting our advisors seeking debt help after their debt management company closed. We help people across the whole of the UK. As a registered not for profit charity, Debt Support Trust can help you with debt advice and to enter a suitable debt repayment plan.
We're always happy to help people with debt advice through our registered charity. You can seek debt advice on 0800 085 0226.
Help with Free Debt Management Support
If you've been informed your debt management company is no longer helping people in debt it's vital to get advice.
Your creditors will be informed that your debt management plan has been cancelled and will begin to contact you again. You are able to enter another debt management plan, or your situation may have changed and you could be suitable for another solution.
There are a number of different debt routes to resolve debts and you're not alone.
What Should I Do?
When you're ready, take a positive step and seek advice and support. You can call Debt Support Trust on 0800 085 0226 and speak to a debt advisor between 8am and 7pm Monday to Friday.
You can also take our debt test application and receive online debt help.
After you complete your debt test you will be provided with options to resolve your debts.
If you've lost money because of a debt management company closing and are looking for compensation you should contact the FCA. They will be able to put you in touch with the administrator managing the closure of the firm.
What Will Debt Support Trust Do to Help?
When you contact us for debt help we will listen to your personal and financial situation. Based on your information we will then discuss every applicable debt solution, along with the pros and cons of each option.
As a registered charity we won't send you a bill for our advice, but you'll receive the help and support to get back on track and become debt free.
You can start by completing our debt test, or by calling 0800 085 0226.