This makes the first logical question that someone dealing with this issue would ask and it would be something along the lines of why they should in fact pay for a service they can get for free? Obviously the free choice on the surface appears to be the way to go and it then simply becomes a matter of locating the particular charity that one will be working with.
The fact of the matter is though that in the UK there are still over four hundred of these debt management companies doing business for profit. This fact should raise the next question which should be how are they maintaining their business when others are giving away the service for nothing? There has to be some sort of viable explanation explaining this. Exactly what are the specific differences that separate these two different potential options?
Let’s try to take a look at both and see if the answer to this question can be discovered. The charity debt management companies offer online at no charge their anonymous advice. The counselling they offer is truly impartial. In many cases for those that feel they require even additional assistance there is often a telephone number provided which they can call. One of the problems with this is that anytime a call is made to that number provided the odds are in favour of the fact that it will be a different person the one calling will be speaking with.
Dealing with a different person every time one calls for further advice and direction complicates the efforts to gain debt negotiation and management resolutions. This is probably the biggest differential between the commercial debt management company and the non-profit charity. The services one is actually paying for are more personalised for exactly that reason. One is assigned to a specific debt counsellor and unless there is some sort of conflict preventing them from getting along well they will stay exclusively with that same person as they work through the entire process.
Although most of the people working for the non-profit charities are well qualified and caring individuals, the fact of the matter is there are also some who lack total knowledge of how to properly deal with the issues. This is not something that happens regularly but it certainly is a consideration to be reckoned with.
It is vital that the final plan arrived at be one that all involved are comfortable working with and in total agreement on continuing. These matters are going to go on for some time and it is important one is totally at ease with that which will eventually lead to a positive conclusion. It is a big decision and only you can make it, as choosing a debt management company can make or break your financial future.