Debt management bill paying service / Debt management services

Recent statistics showed that credit card debt accounts for 40% of all consumer debt. The average interest rate is 19%, and the average minimum payment is generally 92% interest and 8% toward the actual debt.

It is hardly surprising that after a couple of years of juggling amounts between credit cards, many people give up even opening their mail. Too many people set up direct debits for the minimum payments and then throw every envelope straight in the bin, unwilling to face up to their financial future. All too often, the amount they owe exceeds their income, and when they ignore the reminders, and the final demands, and the default notices, and the letters threatening legal action, it can lead to despair.

We can help a person break the cycle of debt and become debt free. Our Debt Management Plan can reduce a person's repayments to creditors by spreading them over a period of time. We also take the stress away from dealing with creditors. While on our debt management plan we handle all communication with creditors.

Our scheme works on a single repayment plan. It is often referred to as a Debt Management Bill Paying Service. Each of our clients pays us one monthly fee, and we divide it between all their creditors. This means all their debts are consolidated into one monthly payment. We negotiate that payment according to their income, but before we do the maths, we deduct the essential living expenses - their mortgage, their food and their telephone bill. As well as leaving our clients with only one amount to pay out each month, we are generally able to reduce the total amount they pay out every month by up to 75%. We do this by contacting the creditors to inform them that our clients have enlisted the services of a debt management company, and as such we are in a position to negotiate lower interest rates. In almost all cases, the creditors will put the interest on hold so that the debt is not escalating as fast as it is being paid off - the reason people find themselves struggling to keep their heads above water when they merely meet the minimum monthly repayment rate. Following a structured Debt Management plan is the most effective way of becoming debt free and in stress free manner.

We are Office of Fair Trading registered licensed debt adjusters. We are also data protection registered, which enables our experienced team to give confidential debt advice on amounts between £3,000 and £250,000.

If you are in need of debt management services or would like the benefit of our free, confidential advice, click the button below and send the completed form to us. We will do our utmost to prevent you from becoming another debt statistic.

Whatever debt problems you have, we can help. Click here