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Debt Management

A Debt Management Plan is a method used in various countries for paying personal unsecured debts. Typically, such debts are out of control – payments are late and/or take too large a portion of income, or even exceed it.

Our Debt Advice Team looks at all or some of the debts, assessing income and budget, and re-negotiating interest rates and payments with the lenders. The negotiated rates and payment plan is based upon the probability of a higher likelihood of collection by the lenders in light of the debtor's more realistic monthly repayment.

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♦Frequently asked questions

What is debt management?

A debt management programme is a new repayment plan that's specially designed to simplify your monthly debt payments and get you out of debt as fast as you can realistically afford.

  • We'll talk to your lenders on your behalf, asking them to accept lower payments
  • We'll handle all letters and phone calls from your lenders
  • All you do is make one monthly payment, and leave the rest to us

What are the benefits?

  • Get out of debt at a pace you can afford
  • Have one monthly payment tailored to your circumstances
  • Possibly freeze or reduce interest and charges
  • Regain control of your debts without a loan
  • Get a clear, affordable path out of debt

Plus, you'll get all the financial help you need, right up to the day your debts have been repaid. Whenever you call us, you'll talk to your own Personal Finance Manager, who's there to answer your questions and tackle any issues that come up.

Is a debt management plan right for me?

  • Do you need help managing your monthly payments?
  • Do you want someone to deal with your debts - and your lenders - for you?
  • Do you want to repay your debts without a loan?

If so, debt management could be the perfect solution to your debt problems.

How does it work?

  • Tell us what you can afford to pay your lenders each month
  • We'll ask them to accept lower payments
  • We'll ask them to freeze interest, so you're paying off the debt itself - not the interest
  • We'll deal with correspondence with your lenders
  • You just make one tailored monthly payment to us, and we'll handle the rest

How much will I pay?

It depends on what you can afford.
Tell us what you earn, what you owe and what you need to live on, so we can work out what you can realistically pay towards your debts each month.
As long as your creditors see your payments are reasonable - and we'll deal with all the negotiations for you - there's an excellent chance they'll accept lower payments.
No-one can guarantee they'll accept lower payments, or agree to stop interest and charges, but...

  • We've spent 7 years working with the credit industry
  • We enjoy excellent relationships with all major UK creditors
  • We're one of the longest-established debt management companies in the UK
  • Over 50,000 people are already clearing their debts with us

Plus, we charge less than any of the other major fee-charging debt management companies.
In other words, we're in a position to negotiate on your behalf and get a result that you can afford - and that your lenders can agree to.

When will I be debt-free?

It depends on how much you can afford to repay towards your unsecured debts. Just remember:

  • If lenders agree to freeze or reduce interest and waive charges, this can slash the time it takes you to clear your debts.
  • We'll make sure you don't commit yourself to an unrealistic repayment plan.
  • Feeling under pressure to agree to repayments you can't afford will only set you back if you can't keep them up over time.

   If you have any question just complete our Debt Help Form and we will call you back quickly to solve your problem.