Debt Management

Independent Debt Assistance

In the current economic climate, it's not surprising that so many people across the UK have mounting debt problems. If you think you need advice from a debt management specialist, then we can help you

What is a Debt Management Solution?

We can connect you with an experienced debt management consultant who will form a relationship with your creditors and help you reduce the payments you make to a level which you can comfortably manage.

The debt management solution aims to handle all communication with your credits, which saves you time and energy on what we know is a difficult situation.

We can ask your creditors to:

  • Freeze or reduce interest, or
  • Stop repayment penalties, or
  • Extend the loan repayment terms

Enquire Now to find out more and speak to a Debt Management expert.

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Who can benefit from a Debt Management solution?

The aim of a debt management solutions is to help you clear your debts, at a reduced monthly payment, over a fixed (possibly longer) period of time, to help you repay your debt and make a fresh start with your finances.

If you have difficulty to pay all of your debt each month, but are unable to pay some, a debt management solution can help you.

Our solution involves a non-legal agreement, which means

  • there is no contract putting your property at risk
  • it does not involve expensive lawyers or solicitors
  • it allows greater flexibility with the level of payments should your circumstances change
  • you are free to stop using our service at any time

Important notes about debt management

Taking on a debt management plan will affect your credit rating in the short term, and may also affect it in the medium to long term. Whilst most creditors and keen to work with us and reduce interest and charges, making a new repayment agreement over a longer period of time may increase the amount you pay.

Changing your repayment agreement may also lead to your creditors issuing a default notice – if they haven’t already done so. Debt Management can not be used for priority debts, such as secured loans or council tax and utility arrears.

Links

IVA.co.uk – IVA Advice Forum. Write Off Up To 75% Of Your Debt With An IVA. Try Our 30 Sec IVA Test To See If You Qualify For An IVA Now
FreshFinance.net – Debt Help from Fresh Finance. The Debt Specialists.