How much does it cost?

Initial Instruction Fee

An initial Instruction Fee is payable, which is based upon the level of unsecured debt and the number of creditors you have. This, together with the payment plan for clearing this amount - generally over a period of 3 months, will be clearly stated on the Debt Management Agreement (DMA) that you sign before we act on your behalf. EuroDebt offers a 14 day "cooling off" period after signing the DMA and any amounts paid in this period will be fully refunded if you decide to withdraw.

Provided that 10% of the Instruction Fee is paid EuroDebt will commit to setting your Debt Management Plan (DMP) up with the creditors listed on your Client Financial Planner (CFP). This will include notifying them of our appointment, requesting correct account balances and making two holding payments on your behalf to your listed creditors.

Provided that you have paid at least 10% of the Instruction Fee we can immediately act in relation to any existing or pending legal action. Where this is the case we will request that you waive your right to the 14 day cooling off period.

We require that at least 49% of the Instruction Fee is paid before we commence making your negotiated monthly payments to creditors through your Single Payment Plan (SPP). You will always be given advanced notice if a payment hasn't been received that affects progress on your case. Our Payment Assistance team is available by telephone if your financial circumstances change after signing your Debt Management Agreement.

Monthly Management Fee

Once you start your Debt Management Plan, we charge a monthly management fee of between £27.50 and £50.00 depending on the number of creditors you have and the total amount of unsecured debt. The exact amount will be quoted in your Debt Management Agreement (DMA). The monthly management fee will be included in your monthly Single Payment Plan (SPP) payment to EuroDebt.

There is no Value Added Tax (VAT) applicable to any of EuroDebt’s service fees.

Privacy Policy

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€uroDebt Financial Services is a trading style of Pentagon (UK) Limited, registered in England with registration number 03267970 at the registered office and head office address of 7 Franklin Court, Stannard Way, Priory Business Park, Bedford, MK44 3JZ.

Authorised and regulated by the Financial Services Authority (FSA)

Licensed under the Consumer Credit Act 1974 (CCL No: 421901)
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