Debt Management Information

Our aim is to provide you with the best solution for dealing with your debts based on the information you give us. Debt management plans can work very well in the right situation.

Our step-by-step process below gives an insight into the main processes involved with a debt management plan;

• Your first port of call should be to seek professional debt advice. Our experienced advisors are on hand to answer all of your debt management plan questions.
• If you are eligible and choose a debt management plan as the best way to proceed, we will then require details of all your unsecured creditors and how much you owe them.
• We will use this information from you to negotiate with your creditors on your behalf to agree a lower and affordable monthly repayment. We will also try to get any interest or charges frozen on your borrowings.
• Once an agreement is in place with your creditors, you will be required to make a monthly payment to us based on our calculation of what you can reasonably afford. We will distribute this amount amongst your creditors on your behalf.
• One of the main aims of a debt management plan is to allow you breathing space to sort out your finances and to stop a continual cycle of borrowing from one company to pay another. With this in mind, you should be looking at ways you can improve your long-term financial outlook.
• If your financial situation improves, you should inform us immediately so that you can arrange to resume the full monthly repayments to your creditors. Equally, if your circumstances deteriorate you should inform us straight away so we can notify your creditors.

So if your monthly repayments are getting out of control, contact us because we could have the solution you've been looking for.