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Debt Management Plans
The first stage is to recognise you've got a problem and by undertaking the research that led you to us, you have taken that important first step.
Despite what you might think there are a number of options available to you when you are having debt problems and the sooner you take action the sooner you can start to solve your problems.
Debt Management Plans
A Debt Management Plan could enable you to consolidate all your unsecured debts into one affordable monthly payment without further borrowing.A Debt Management Plan is suitable for people with unsecured debts of up to £15,000 and will allow you to make repayments to your creditors via one monthly payment, We then makes payments on your behalf to your creditors. The monthly payment is set at a cost you can realistically afford and there is no need to worry about letters or calls from your creditors, as we take care of them all for you.
When we set up your Debt Management Plan we will negotiate with your creditors to reduce or freeze any interest or charges on your debts, although we cannot guarantee this. What we can guarantee however is that you will have the flexibility to change your payment plan should your personal circumstances change.
If you are having serious debt problems, are unable to keep up on your minimum repayments and have more than £15,000 of unsecured debt, then an IVA (individual voluntary arrangement) could help you to avoid bankruptcy.
We're here to help you
People often feel that when they get into debt there's nowhere to turn, and nobody to talk to. We believe that a professional, tailor-made debt management service delivered by a team of personal advisers is by far the most effective way to help you repay your debts and put your financial worries behind you.In fact, the importance we place on personal service is the key to our successful Debt Management Plan. And from making your first contact with us to making your final repayment to your creditors, we're with you all the way.
- From individual debt counselling to providing you with your own dedicated Personal Finance Manager on a day-to-day basis.
- From calculating how much you need for everyday living expenses to working out how much you can afford to repay.
- From negotiating with your creditors to handling all correspondence relating to your debts.
- From carrying out regular reviews of your programme to helping you with alternative solutions as your circumstances change.
