Debt Management
This will allow you to make a fresh start with your finances.
Debt Management plans are tailored to help people that are unable to meet their debt repayments every month but are able to pay something towards them.
Using debt management will mean -
- There are no legal contracts or legal expenses involved
- You will get some flexibility with the level of re-payments to your debtors
- You can change your provider should you not be happy
- Pay one affordable monthly payment
- May Reduce or Freeze Interest & Charges
- Clear your debt without loans
- Gain control of your finances
The process is fairly simple. Using our simple comparison debt calculator you will be able to see which company best suits your needs. Once you have completed this 60 second process you will be able to make contact with one of our approved and vetted debt management companies.
Once you have made contact and gained advice you will usually find that once you have answered some questions and an assessment has been made you will be given 1 affordable monthly repayment to make to your chosen debt management company.
Usually once the process has been completed you will find that some or all of your debts will have interest frozen and charges will no longer be applied as long as payments are made and up to date. This will help save you money and is the reason why it can be good to use a debt management company.
Taking on a debt management plan can and will affect your credit rating. Debt Management cannot be used for priority debts, such as secured loans or council tax or utility arrears.
