What are Debt Management Plans? Speak to Debt Consultants Today!
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A Debt Management Plan from debt consultants is a way of paying your unsecured debts with a monthly payment that you can afford based upon your individual circumstances. In order to determine how much this is we need to understand your finances.
By looking at ways of maximising your income or reducing any overspending and by identifying and prioritising your most important debts we can then produce a Financial Statement which reflects your personal circumstances.
We can help with any amount of debt, small or large. Our advice is free and, if your circumstances are appropriate, we will propose an informal arrangement with your creditors to pay your debts.
What are the benefits of debt management?
One affordable monthly payment...
Turn all of your debts into one single affordable monthly payment. Our experienced debt consultants will work with you to go through your income and expenditure and agree an affordable monthly payment amount that allows for your day-to-day living expenses.
All creditor correspondence dealt with by us...
We take care of all the paperwork, deal direct with your creditors and negotiate reduced monthly payments on your behalf.
Interest charges frozen...
With our strong relationships with the UK's banks and lenders, we can negotiate with your creditors to reduce or even freeze the interest on your debts.
Complete peace of mind...
As our Debt Management Plans are bespoke to your circumstances, it means that it can adapt as your personal circumstances change and we will review your circumstances every 6 months to make sure that the plan is still right for you.
To get started simply fill in the enquiry form on the right hand side and a debt consultant will call you back and discuss your options without obligation.
Is debt management right for you from debt consultants?
To find out if Debt Management is right for you please use our online application form and we shall call you regarding the matter.
The goal for Debt Management is to clear your current debt and re-establish your credit rating. To achieve this we liaise with your creditors on your behalf and manage your debt repayment plan. You make one affordable monthly payment to us and we distribute this on a fair and equitable basis to all your creditors regularly every month for as long as you are in the plan.
We always ask creditors to respond sympathetically to your circumstances by freezing or reducing interest in order that your monthly payments will help to reduce the capital balance. Not all creditors will agree to this and this could lead to you repaying your debts over a longer period and consequently to an increase in the overall debt. We will write letters and correspond on your behalf in order to negotiate a settlement plan for all your outstanding debts and act as an intermediary between you and your creditors and as administrator of your plan.
Our debt management plans are flexible and can be altered at times to suit your changing needs, good or bad. There are no financial penalties if you choose to cancel your plan and association with us.
Fill out the enquiry form and let us help you get debt free...