Churchwood Finance Ltd > Reviews > Churchwood Financial - Who/Why?

Author's product rating:   

Promptness of service	Good
Efficiency of service	Good
Competitiveness of charges/rates	Good

Advantages:	Knowledgable, Friendly, Truthful
Disadvantages:	Call centre, so not everyone deals with you the same way

Recommend to potential buyers:

yes

Full review

Who are they? One of the top Debt Managemt companies in the UK

What do they do? Help you pay your debs in an affordable, hassle-free way.

How? Suppply a list of creditors, detai of income & expenditure & maintain monthly payments.

In detail - You start with sales who take basic details of debts, income & expenditure. Your details are then passed to an advisor who will get more in-depth details of your circumstances & send some self-explanatory paperwork to complete & return. You then make a set-up payment a month before your agreed monthly payments start (Your onthly payments will be anything from £80 upwards) Once you've paid your set-up payment, youll then be dealing with an administrator who will guide you through the rest of thr programme. They will deal with your post & advise you how to deal with any phonecalls that you may get from the people demanding payment. Most of them are very knowledgeable about what the creditors can & can't do. Also interest/charges DO get frozen - eventually. Generally, most creditors do it after 3 months, but some difficult ones take a it longer (generally HSBC & anyone in HBOS group)

That's it!!

Seriously, as long you keep making your payments to them on time, you don't need to worry about your creditors. And if something does come out of the bue, give your administrator a call & they'll tell you what to do.

The only downside is that not all your payments to Churchwood goes to your creditors but then agin, you can't expect them to work for free - 15% (subject to a minimum £30) of your monthly payment stays with them. I feel it's worth it as I personally haven't had to talk to a creditor in about 6 months!!