What is a Debt Management Plan?

What is a debt management plan? - A Debt management plans are a great way of clearing your unsecured debt in a simple and effective way. A debt management plan can turn all your loans, credit cards, store cards and outstanding overdrafts in one single affordable monthly repayment.

When using a debt management plan your debt solutions advisor will consider your priority debts, such as mortgage or rent payments, utilities, living expenses and council tax; they will then calculate an amount you can afford to pay each month, this is called a disposable income. Your disposable is put together into a single monthly payment and shared out amongst all your creditors on a pro-rata basis.

Call the debt solutions helpline on: 0845 519 6093

Why choose Debt Management?

If you are struggling to keep up with you debt repayments or you feel in the near future you may start missing your monthly payments then a debt management plan is an option to stop this from happening.

A debt management plan would allow you to reduce your debt payments to a single affordable amount every month and also can stop all of those nasty calls and letters. Debt management plans can also freeze interest and charges on your debts, so you can get out of debt quicker. If you are like to speak to one of the team at debt solution about a debt management plan you can call our debt solutions helpline on: 0845 519 6093.

If you are having problems with your debts and your are struggling to meet your monthly payments then it is important that you get some advice and assistance sooner rather than later to ensure that you debt level does not increase or your situation gets worse. If you want to avoid bankruptcy or further court action from your creditors then you can apply for a debt management plan with us.

Is a Debt Management Plan right for me?

Debt management plan is a suitable debt solution if have over £1000.00 of debt to two or more different companies and you can afford to pay at least £50.00 a month. If you have debts of over £14500.00 then you may qualify for an IVA. An IVA would allow you to write off up to 70% of your total debt. Call us now to discuss if you could write off over 70% off your debts over a 5 year term.

Here is a list of criteria you must meet to qualify for a debt management plan:

You are struggling to pay your creditors.

You need debt help.

You can afford to pay £50.00 a month.

You have 2 or more debts.

You have more than £1000.00 of debt.

If you feel that you meet the above criteria and would like to have a chat with one of our expert debt advisors about debt management plans and our other debt solutions then you can call 0845 519 6093. Don’t worry we should be in a position to help or advise you on your best course of action no matter what your financial situation is.

What debts can I include on a debt management plan?

We can only deal with your unsecured debts on a debt management plan, by this we mean debts that are not secured against your home, car or other valuable belongings.

Below is a list of debts we can help with on debt management:

Unsecured Loans

Credit Card Debt

Overdrafts

Store Card Debt

Council Tax Arrears

Catalogue Debt

Payday Loans

Door Step Loans (Like Provident)

Retail Finance

Utility Arrears

Mobile Phone Debt

Mortgage Shortfall

Can debt solutions help me get out of debt?

YES we can. Everyone’s personal situation is different and each debt solution is different so we need to work out which will best suit your financial needs.

We will complete a FREE 20 minute fact find with you to work out what your earning and spending and this will let us know how much you can afford to pay to your creditors and also which debt solution is best for you to help you get out of debt. You are under no obligation but I am sure you will be 100% happy with what out debt advisors can do for you and we have the lowest debt managenent fees in the industy

We pride ourselves in our friendly, professional approach to finding the right debt solution for every one of our clients, which is honest, confidential and always the ‘best advice’ based on your individual circumstances.

If you would like to speak to one of our friendly, professional debt experts about any of our debt solutions you can either call our debt solutions helpline on: 0845 159 6093 or complete our online contact form and one of our debt advisors will call you back within the hour.

Start you debt free life today! with one of our debt solutions.

Debt Management | Individual Voluntary Arrangement | Protected Trust Deed | Bankruptcy

Also have a look at out "DEBT FEEs" chart and see what the more popular debt management companies are charging.