Gregory Pennington

Gregory Pennington Ltd

Gregory Pennington is a Debt Management specialist. They claim to have provided debt management advice to over 100,000 people, this makes them one of the most experienced debt organisations around, and whatever your personal circumstances, they are likely to have seen it before.

There experience is not free and they do charge for their Debt Managment Plans:

"Your first monthly payment is an initial fee for setting up our Payment Programme and is not paid to your creditors. This will place your accounts into arrears or further into arrears. There’s a monthly fee of 15% included as part of your affordable monthly payment (subject to a minimum of £29.50 and a maximum of £90.00)." Gregory Pennington.

Our view is free debt management is best as it allows you to repay your debts off much faster as all of your monthly repayment is goinf to your creditors.

How we can help you get out of debt

To ensure that you get the right advice, we provide free access to expert charity debt advisors who provide unbiased debt advice. This helps those in serious debt to avoid advisors who charge excessive fees or feel it is reasonable to extend the period individuals are in debt beyond what is reasonable and logical.

Find Out More About The Debt Solutions Considered

Solutions
Debts Written Off
Legally Binding
Interests & Charges
Residential Status
Fees
Notes
IVA
Yes - Average 58%
Yes
Stopped
Tenant or Homeowner (Eng/Wales)
Yes on average around 20% of the payments you make to creditors
Typically you must have debts over £15,000 and be able to offer yourcreditors about 20% of the value of the debt back over 5 years.
Debt Management
No
No
Many Freeze
Tenant or Homeowner
Yes
In a Debt Management Plan, you will be required to repay all of your debt in full.
Consolidation
No
Yes
New Rates & Charges
Tenant or Homeowner
Yes
Consolidating your debts generally means you'll pay more back over a longer period of time.
Bankruptcy
Yes
Yes
Stopped
Tenant or Homeowner (Eng/Wales)
Yes - up to £700 depending on your circumstances. You may also be subject to a 3 year Income Payments
You need to think carefully about all the affect bankruptcy will have on your home and your employment.
Debt Relief Order
Yes
Yes
Stopped
Tenant
Yes - £90
You must have debts under £15,000 and have little in the way of assets

Other debt solutions offered include IVA’s, and Debt Consolidation Loans. But what we found most interesting is that they also offered a type of Bank Account they call ‘Think Banking’. The account is specifically designed for those with a bad credit history, as no credit check are run. Deposits are held with the Royal Bank of Scotland.

 

Gregory Pennington Reviews

If you have contacted or are using Gregory Pennington please write a Gregory Pennington Review and share your experience with other people who may be considering contacting them.

Add a Review
Average Rating:
5
Rated 5/5 based on 1 customer reviews.

What others have said

Please remember that these reviews are the opinions of people visiting our site and so can be very different from our own views.

I was really happy with their service. I was really nervous and they mad
Reviewed by:
Rating:
5

Would reviewer recommend this organisation? Yes
I was really happy with their service. I was really nervous and they made talking about being in debt ok. I ended up with an IVA and it's working out well for me and the family.
I struggled to get through to them at first and when I did I thought the
Reviewed by:
Rating:
3

Would reviewer recommend this organisation? Yes
I struggled to get through to them at first and when I did I thought they were pretty good. They suggested debt management to me. An IVA has been suggested by another company. I now need to decide who's right.
I had to wait a long time for my interview and in the end was offered a
Reviewed by:
Rating:
4

Would reviewer recommend this organisation? Yes
I had to wait a long time for my interview and in the end was offered a debt management plan. It took and about 7 weeks from initial contact to when I was up and running.
I had never heard of them before and I actually think they were good. Th
Reviewed by:
Rating:
3

Would reviewer recommend this organisation? Yes
I had never heard of them before and I actually think they were good. The lady on the phone was nice and the advice makes sense. I have been sent paper work and I now need to sign and send it back. Would I recommend them. I can't say yet as its too early.
I thought they was good.
Reviewed by:
Rating:
4

Would reviewer recommend this organisation? Yes
I thought they was good.
Dept Free Direct have helped me organise an iva and i think they are goo
Reviewed by:
Rating:
0

Would reviewer recommend this organisation? Yes
Dept Free Direct have helped me organise an iva and i think they are good.
I have tried calling Pay Plan and get automated options that don't make
Reviewed by:
Rating:
1

Would reviewer recommend this organisation? No
I have tried calling Pay Plan and get automated options that don't make sense as I am not a customer and have now given up :(
money debt and credit are a very good company. They were very polite and
Reviewed by:
Rating:
4

Would reviewer recommend this organisation? Yes
money debt and credit are a very good company. They were very polite and very patient when they rang me. They managed to get me a debt management plan at a very affordable monthly rate. I would suggest this company for those who need advice on debt or for those who need a debt management plan.
I have been with payplan for 18months they went through my income and ex
Reviewed by:
Rating:
0

Would reviewer recommend this organisation? Yes
I have been with payplan for 18months they went through my income and expenditure fully and came up with a realistic and affordable monthly payment with me. They dealt with all my creditors and the harassing phone call and threatening letters soon stopped. You are provided with an online facility that lets you see who you owe money to and how much each balance is. I contacted a lot of debt management companies who all tried to get me to do an IVA because they collect a lot of commission for selling them. Or they would keep a large portion of what I paid each month. With Pay Plan every penny comes of my debt and what I like most is you can actually see the end balance going down when you log on to your account.
Churchwoods helped me when i was in a difficult situation. They helped m
Reviewed by:
Rating:
0

Would reviewer recommend this organisation? Yes
Churchwoods helped me when i was in a difficult situation. They helped me reduce my debt payments to a more manageable figure and tackled the interest and charges.