This man knows his stuff and has helped me massively with debts just by watching his videos. Set up token payments with creditors of £1 until it’s sold to debt collector, set up £1 payments again. Do this for 1 year and then the debt will be worth much less. At least half LISTEN TO THIS MAN

@TheFuzy11

3 жыл бұрын

I need to understand this, what videos did you get the knowledge from?

@pukhtoonkhattak315

3 жыл бұрын

I want to set up token payments but I don't know where to start from? They empty my bank account every month.

@TheWingats

2 жыл бұрын

Would this not have an impact on your credit report?

@ferenctoth9237

2 жыл бұрын

It's not that easy when you have things on your name

@minnie5301

2 жыл бұрын

I'm confused. How can paying only £1 month reduce a large debt by half? I was making £1 payments to HMRC and they were still going to take me to court

Thank you for the video 🙏. Btw, the shelf in the background is lovely!!! 😍

Thanks for this video Bro! Glad to have someone in the UK telling the truth about these shady companies.

Knowledge is power, OYE TOP MAN. Thanks very much indeed for all the valuable information.

I want to thank you personally I was this close to setting up an IVA, I'd done the budget just needed to sign everything off and it be sent to the creditors. Something didn't feel right though so on a whim I youtubed IVA and found your video on IVAS and went through the wormhole of your other videos and I am truly grateful that I didn't sign my life away. Keep up the good work

@Oye_TheRealDebtGuy

3 жыл бұрын

You are very welcome.

@jemmalinzi88

2 жыл бұрын

Me too! Something in my gut said not too. But I'm also struggling at thinking what to do. My husband and I have no spare money after paying minimum payments to everything and we're drowning in debt. What are you doing with yours now out of curiosity?

@jemmalinzi88

2 жыл бұрын

@@Oye_TheRealDebtGuy please can you advise if you do the token payments to debt collectors can they still send bailiffs round? Also how does this compare to an IVA when it comes to impacting your credit file? Thanks

I was actually looking into joining this 'charity' So glad you have highlighted this. It did feel something was fishy about it all. Listen to your gut as they say!

Thanks for posting. It's too late for us sadly but I hope other people in a vulnerable state get to see your videos. We used Step Change following advice from the Citizens Advice Bureau. I had a nagging doubt about their motives but didn't know what else to do.

@Oye_TheRealDebtGuy

3 жыл бұрын

You're very welcome. Have a look at my debt playlist David, see if it can help you in anyway.

Dropping Gems as per usual! Thanks

Thank you for piercing through the veils with such graceful truth brother

Thanks for this man. Keep going !

I don't know what I would have done without watching your videos, thank you so much 🙏🏼

@Oye_TheRealDebtGuy

3 жыл бұрын

You are very welcome. Really happy they could help you.

Wow this was an eye opener, thank you for this. 🙂

@Oye_TheRealDebtGuy

3 жыл бұрын

you're welcome

Very informative, im not in debt but a friend asked me for advice about step change , glad i saw this

Great video as always thanks for the information 👍

Smoke and mirrors? Nothing is ever what it seems. The truth destroys everything in its path. Great info.

No dislike no haters. God bless you

Oye I can't thank you enough for this. Your work is invaluable and so appreciated. Bless you.

Thank you for your amazing advice 😊

As always, great video.

Maaan i am really genuinely speeches, i really dont know how to thank to you. Just now about 5 min ago, i ve spoken to one of the debt agency over the phone, brother just mentioning FCA was more then enough. Woooow woooow

I am so impressed by your insight, As I'm not easily impressed, Thank you for your videos

Wow an eye opening video, I nearly went with step change. Instead I use the oye method, so many many thanks, its working out well. I always share the videos when I see adverts for IVAs

@esteralares2685

3 жыл бұрын

What’s Oye method? 👀

@markglenn9170

3 жыл бұрын

@@esteralares2685 It is on his channel OYE, he has quite a few videos about it. One is called how to write off debt

@adelebest4740

29 күн бұрын

Wow that’s disgusting stay away from step change gangsters

wise man thanks for the information its very helpful

Another great video Oye. 👊🏾 The debt system in the UK is interesting. There is a conflict of interest. They also tend to ask their clients to pay more to creditors after review, which would invariably increases their share of the payment. Talking vulnerable people down the IVA route when it is unwarranted, is awful.🙄😉

@Oye_TheRealDebtGuy

3 жыл бұрын

Thanks as always

By the way, thx for posting this video and the one about IVA. I’ve spent whole last week trying to find advisor who would help me with DRO application, to see if I qualify. It is SHOCKING how they FORCE IVA on literally everyone. I don’t think there is anyone out there who would help us with non profit solutions like DRO. Thx for opening my eyes x

@Oye_TheRealDebtGuy

3 жыл бұрын

You're welcome and I have a video on DROs releasing 13 Feb

Miss seeing your videos regularly!

@Oye_TheRealDebtGuy

3 жыл бұрын

I will be posting every 2 weeks now.

I must admit one thing, that Oye you are the best. I have recently started following you and becuase of the information that you are providing i have now been able to manage my debts myself. Someone who was so scared of debt letters etc, i now pay them 1 pound a month. You saved me from an IVA and a debt management plan with step change. May God bless you. Lots of respect for you. :)

@Oye_TheRealDebtGuy

3 жыл бұрын

🙏🏾

@MeniSpirit

2 жыл бұрын

Can you please tell me where or how to find this option? I am in a very bad position and need help asap 🙏

@shamskhan575

2 жыл бұрын

@@MeniSpirit try doing it yourself. Dont ignore letters that you receive, email them tell tham you can afford only this much each month and it will be sorted. Just dont worry about your situation. Take charge

I was heavily pushed into an IVA. They said it was the only option to please HMRC and keep my house safe

I made the mistake of enquiring online about stepchange and was hounded with calls and texts for a few days after..that set alarm bells ringing. In the end i didnt speak with them about any service they could provide but asked them to stop calling as i have decided against stepchange. Eventually they stopped.

Oye, thanks for all your useful content. I've been following you for several months now. Question, what is you take on the new Help To Buy Scheme from the UK Government? Is it a good time to buy a home now?

Thank you so much your knowledge is wealth and thank you for sharing, do you know how to revoke an attachment of earnings please x

Great video as always Oye, I’m a long time subscriber. I knew before I hit play that Stepchange were not to be trusted. Every time I contacted my creditors to tell them I was struggling they’d say “contact the charity Stepchange, they can help”. You’ve gotta ask yourself what incentive the banks have to introduce you to a “charity” that can “help”. The only “help” here is Stepchange helping themselves to your money.

@Oye_TheRealDebtGuy

3 жыл бұрын

Well said and thanks.

@paulc3749

Жыл бұрын

Kind of wolves in sheeps clothing in a way🙁

Basically stepchange are a bunch of salesmen for debt agencies selling you payment plans which they get commission on. Technically isn't the contract invalid as all contracts must have full disclosure & their not exactly disclosing that their being paid by the debt collector when you take out the contract unless it's in small print which is why people need to pay careful attention and read everything before they sign a contract or least overstand how to retain their inalienable rights.

I used Step Change and they were fine. But it also helps if you get a good advisor. Some are better than others.

Hi your video are very helpful I have question plz guide me last year debt company wrote a later about CCJ then we agree Tomline agreement total money I own was 2100 plus there fee total 2200 I agree to pay then I paid 600 now I don’t have money coz this COVID so I didt pay from last 8 months. it’s been 6 years to this default and it’s not showing on my file.. Now they asking to speak this debt charity.. what should I do ? Thanks

I started my own process..... thank you Oye!

@Oye_TheRealDebtGuy

3 жыл бұрын

You're welcome

I spoke to someone from step hanger just now. He advised me to do a dro without telling me any information on the cons. Funnily I asked him how they were funding as i was curious. Lucky I done some research on what the hell it was.

That explains when I applied for a DRO through Stepchange, they didn't want to know. When I said I couldn't make any payments, they said to expect the bailiffs, then. Stepchange, is totally hopeless. Avoid.

This man’s information is spot on. He’s helped negotiate my token payments to £1 a month. All debtors pushed me down the step change plan, said no thank you. I knew they were getting kick backs off the payments. No chance was I going to another IVA company either. FCA handbook is king..charity starts at home. No company works for free.

@07989074102

2 жыл бұрын

@@Nevinhattle Not stupid at all. I’ve still got a roof over my head. Without token payments I’d be screwed.

@MeniSpirit

2 жыл бұрын

Chris can you help me understand this process or a video where to find more information about this please? I’m really struggling and need help asap

Oye, thank you for your videos. Btw what do you think about Loqbox?

Great video bro 👍🏼 however, step changed really me with my dmp

@Oye_TheRealDebtGuy

7 ай бұрын

Good to hear

I am shocked by what you said about how easy it is for them to bring on bankruptcy.

Thanks for the video and I’m totally agree with you, but I’m in situation where really don’t have any other choice because I have 7 debts and seriously struggling to pay them, any recommendations you have ?

@Oye_TheRealDebtGuy

Жыл бұрын

Follow this www.therealdebtguy.com/articles/token-payment-method-and-debt

Oye, love your videos. They are extremely helpful. I guess the question is, which Debt Management plan organisation would you recommend? Or do you suggest contacting the creditors directly? TIA

God bless you man, Honestly couldn't do it without your videos, Token Payment, and writing directly to the creditors, but I always wanted to ask you if I have to show my budget to the creditors? Or just offer them what I can afford? Thank You

@Oye_TheRealDebtGuy

3 жыл бұрын

Yes to freeze interest and other charges.

The best video yet! This helped so much the energy company advised me to go to them for help! Now I know why and it’s not of any benefit to me. Thank you

@Oye_TheRealDebtGuy

Жыл бұрын

🙏🏾

Thanks alot this is very useful. Do you have any advice for people who have debts owed to landlords that are struggling to pay. And also students?

@Oye_TheRealDebtGuy

Жыл бұрын

This may help you regarding student debt - www.therealdebtguy.com/guides/3-steps-to-handle-your-student-loan-company-debt

You are a blessing to us

@Oye_TheRealDebtGuy

Жыл бұрын

🙏🏾

Great video I was looking into this I'm new to your channel, I'm really struggling just lost my job to a accident I had I nearly suffocated and now I'm struggling with depression. Problem is no job I've got bills stacking up debt is killing me, literally at my lowest point of my life I'm 33 and feel worthless my partner is my rock it it wasn't for her, then who know what would of happened. She's paying for what she can but I'm affecting her financially, got two little girls 9 and 11 and there starting to see the effects of no money income and the stress between me and my partner. I don't no where to go or what to do, please help.

@Oye_TheRealDebtGuy

Жыл бұрын

Read this article - www.therealdebtguy.com/articles/token-payment-method-and-debt

I am with Payplan on a DMP, and every year during my annual review they try to push me into an IVA. As i understand how as stated in this video's how these so called debt charities work, no one can run them for free, so their only source of income is from your payments. This is probably acceptable for a DMP, but with an IVA they make many times more from the high fee's that they charge, leaving only a small amount going to your creditors. At the end of an IVA you will get a shock at the amount you still owe, and if you own your home you will be expected to release any equity to pay off the remaining balance, putting you back into debt. My advice is if you only owe a few thousand to each creditor, contact them and ask them to freeze all charges in return for payments that you can afford. Only use a so called debt charity if you are heavily in debt with multiple creditors. There is no such thing as a free lunch.

Amazing

Amazing thanks

Hi Oye does this advice apply to any level of credit card debt say 27k

I am with Stepchange from last 2 years . Can anyone inform me If I stop the instalment what would hapend

Thanks for the video. If I'm currently on a dmp with stepchange. How can I get out of it?

@Oye_TheRealDebtGuy

3 жыл бұрын

Tell them you no longer need them

Wow it’s almost like step change are debt recruiters, which sounds absolutely mental but that’s what it is. You got recruitment agents, these guys are debt agents. So mad

Are they registered with the charity commission. This debt collection agency needs to be investigated by the charity commission if they are portraying to be a charity.

@Oye_TheRealDebtGuy

3 жыл бұрын

Yes they are registered charity.

Ive used step change purely because i wanted to consolidate all my debts into 1 payment plan. Had quite a few and didnt want to forget to pay any 😕

@ayupmeduck5708

3 жыл бұрын

Add the monthly payments, transfer one amount to another account, direct debit each from there.

@MrGammyballz

3 жыл бұрын

I have 8 creditors which I pay £1pm to. I set up a standing order to each one, really easy 👍🏼

StepChange is regulated by the Financial Conduct Authority and is one of the best free-to-customer advice agencies in the UK. If they weren't industry-funded, then people in debt would have to pay for the service themselves, when they can least afford it. You're a dangerous conspiracy theorist who will harm people in debt. Do your research on the whole debt industry properly fella.

@Oye_TheRealDebtGuy

11 ай бұрын

When you say “conspiracy theory” are you talking about the “conspiracy theory” that StepChange have written on their website? The fact that they charge creditors to collect debt? Say you work for StepChange or are a debt collector with saying it. Lol.

Is Paypal Credits part of FCA regulations? thanks

I’ve been suspicious of them for a while. We get clients who have told us step change were pushing them to trust deeds. The worst thing is that they get government funding and take it away from truly independent organisations like citizens advice. The Scottish govt have been giving them a lot of money. They also dont help with income maximisation properly which should also be part of good debt advice , so making sure you get all the benefits and other in work support you might be entitled to. Thank you for highlighting this and please let the Scottish Govt know !

Beautifull sharing🤗 Keep uploading💥 Big lk👌 Full wt💖 New frnd🙋

How can I get the iva people to stop calling me

Top man

Hi, all your videos are really helpful. I urgently need 60k and was wondering how can I get 60k loan paying less interest rate? I do have good credit history and rating and good earning but I really need to know how can I get 60k loan and pay less interest? I noticed everytime I select more amount, the interest rate doubles or triples.. what would be your suggestion on applying for one or multiple loans to get 60k but pay really low interest rate?

@philhunter1894

2 жыл бұрын

Why would you need £60k

I am in 11k debit for the first time due to Covid-19 circumstances I'm self employed and work as dried up.....my monthly interest rate are roughly 27.7 percent Apr were I'm paying £175 interest along. How can I stop paying interest on my credit card or freeze it??? I'm willing to pay minimum payment but need interest rates stopped ASAP

@Oye_TheRealDebtGuy

3 жыл бұрын

Watch my "How To Write Off Debt" video in my debt playlist.

My husband is currently on a DMP with them. Any pointers on how to get out of this please?

@Oye_TheRealDebtGuy

Жыл бұрын

You should be able to exit anytime.

Wat about notice of assignment

Good video

Can someone please explain what you mean pay your creditors a £1 token as I don’t understand? Are they accept this £1 but how ? When my monthly rate is couple of hundred

@Oye_TheRealDebtGuy

Жыл бұрын

www.therealdebtguy.com/articles/token-payment-method-and-debt

No way my friend won't be getting one. Thanks

Any chance for a detailed video about DRO? At first, it seems faster and less “risky” than token payments. But what are the catches x

@Oye_TheRealDebtGuy

3 жыл бұрын

Yes, will be released 13th February 5pm

Cue Bono?

Oye is a legend. I listened to you during the pandemic (2020) and started making token payments. My debt has been sold three times because it is worth less than in value to them. I am just smiling and investing my money. I don't care how long it takes when they are ready I will shave off 90 or 95% of the original debt. Thank you, Oye.

@Oye_TheRealDebtGuy

2 ай бұрын

🙏🏾

@James_36

Ай бұрын

How long did it take for the original creditor to sell to default you ?

@Rokka340

Ай бұрын

@James_36 I will say less than a year. I have even stopped paying Lowell, the new collection agency because the debt has already been CCJed and off my credit report. If you are going through the collection phase, I can provide some tips for you.

@James_36

Ай бұрын

@@Rokka340 how come you got a ccj if you don’t mind me asking? Token payments should have stopped this according to oye

@Rokka340

Ай бұрын

@James_36 Oh I wasn't pauj b initially as I couldn't afford it

I’ve just signed an agreement with Stepchange.. what can I do?

@hankybostik7634

Жыл бұрын

Oh golly! Hope you got out of it luv!

Its still helpful though right?

Thank you so much for doing this video about step change. I had my doubts about them. Your video explained everything and answered allot of questions. I will avoid these type of companies.

Soooo, what where to go instead?

@Oye_TheRealDebtGuy

3 ай бұрын

Read this article - www.therealdebtguy.com/articles/token-payment-method-and-debt

I used the token payment template from there site and now pay debts £1 per month.

@whichdoctor4858

2 жыл бұрын

How long will that last? Until they offer a lower settlement?

@Oye_TheRealDebtGuy

Жыл бұрын

I have my template here - www.therealdebtguy.com/useful-documents

@Oye_TheRealDebtGuy

Жыл бұрын

Read this article - www.therealdebtguy.com/articles/discount-debt-offer-make-sure-the-price-is-right

How can I contact you personally, I really need your advise and assistance please. God will help you

@Oye_TheRealDebtGuy

Жыл бұрын

This is how - www.therealdebtguy.com/join-our-community

How hard is it to move from step change to token payments?

@Oye_TheRealDebtGuy

2 жыл бұрын

Not very

@chrismurray3198

2 жыл бұрын

@@Oye_TheRealDebtGuy would I just take the information step change have now and then contact the creditors myself and then offer token payments?

Very interesting conflict of interest, Id always assumed it was government funded.

Hi Oye, is iva the same as a "debt management plan"?

@Oye_TheRealDebtGuy

3 жыл бұрын

Hi, no it's not - watch this video it's important for you kzread.info/dash/bejne/l4WVsbGxmLXRqs4.html

@anguspontin7244

3 жыл бұрын

@@Oye_TheRealDebtGuy thanks

All the dislikes are from the creditors hahah

Thanks for sharing. I didn't know that StepChange had this conflict of interest receiving payments for debt paid. I previous thought they were an independent charity. If someone is in debt then who should they see instead as I often meet people in debt who need help? Thanks

@Oye_TheRealDebtGuy

2 жыл бұрын

Hi, I will be able to answer that soon.

Does this or any help organiz give you money? Or is it just advice 🙄 I'm posting your video on their comments!

If IVAs are so bad what is an alternative?

@Oye_TheRealDebtGuy

2 жыл бұрын

Watch my “how to write off debt” video.

The guardian has just published an article citing 'stepchange' warning against joining dontpayuk. What it failed to establish is stepchange's dodgy partnerships with various energy companies - hardly an unbiased analysis. The guardian needs to do better.

@Oye_TheRealDebtGuy

Жыл бұрын

Exactly!!!

Oye this is true I stopped with a dept company and have managed to pay a lot of dept off and still going I had around 22k of dept that’s now down to 9k in a few years it’s so much better I speak to all my dept people that allow me to pay more when I can and less when I can’t but they understand and it works so much better thank you for this video I will be sharing this 👍🏻

@Oye_TheRealDebtGuy

3 жыл бұрын

You’re very welcome

So it's just one big con job

Surely it's the company that you owe money to that is paying for step change, not you, the person who is in debt? For example if you pay off £20 a month, your debt reduces by £20 a month. The company forgoes some of that money to support step change to get that money off you.

@Oye_TheRealDebtGuy

2 жыл бұрын

Watch the video again. You’re missing the point.

@lour8237

2 жыл бұрын

@@Oye_TheRealDebtGuy so what I've said is not wrong?

Wow...that is very interesting...I did wonder how they were funded....I work for a local authority who work with vulnerable families who promote step change as a good service 😳

@Oye_TheRealDebtGuy

3 жыл бұрын

You were doing what you believed was best for those people.

I wonder if you could claim that you had been miss sold a service!..

@Oye_TheRealDebtGuy

3 жыл бұрын

Good question

i hope you dont say a "debt consolidation company" sigh If something is free your`e the product

Well pay an independent company then...

@Oye_TheRealDebtGuy

3 жыл бұрын

How about don't pay anyone and do it yourself?

@chrisstephens6194

3 жыл бұрын

@@Oye_TheRealDebtGuy 9 creditors....

@chrisstephens6194

3 жыл бұрын

@@Oye_TheRealDebtGuy not being flippant fella but pay a company or use a company funded by the creditors. I will only get a dmp ?

@Oye_TheRealDebtGuy

3 жыл бұрын

@@chrisstephens6194 9 creditors is no issue. I understand getting a DMP if you just don't want to have to deal with it.

@freya7084

2 жыл бұрын

@@Oye_TheRealDebtGuy some people can’t due to mental health and StepChange saves their lives so…

😊👍👍

😊😊W 8

Such a misguided video! Should you be giving financial advice? Are you qualified to? If you are you would know Stepchange are doing good. If you want to look into a companies income, check companies house. Not devising ur own thoughts on what u “think” things mean from their website. Your “advice” is going to lead to worse debt problems!

Wow, wow, wow 👌 I was just about to sign off a direct debit to pay StepChange £451 a month to get creditor's off my back and help me pay off my debts. Then decided to youtub StepChange. Your video was the 1st to come up.

What do you recommend in place of stepchange? I don’t know what to do

@Oye_TheRealDebtGuy

9 ай бұрын

Read this article I wrote www.therealdebtguy.com/articles/token-payment-method-and-debt

@Poopsy962

9 ай бұрын

@@Oye_TheRealDebtGuy thank you❤️