Debt management UK
Debt Management is a system to help those in debt become debt free.
Our Debt Management Plan is a simple, systematic way of dealing
with your debts. All your debts are consolidated into one simple,
monthly fee which you pay to us. We then distribute this to your
creditors. In almost all cases we can negotiate with your creditors
to lower, or even freeze, interest rates. This can mean a reduction
of up to 75% on your monthly repayments. We also take over all communication
with your creditors in order to help relieve the stress of debt.
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Debt Consolidation UK
If you make monthly repayments to multiple creditors, one option
is to apply for a debt consolidation loan. The principle behind
this is that you borrow a large, lump sum to repay your creditors
and are then left with one creditor and one monthly repayment. The
idea is that the repayments on this single, larger loan will be
lower than the sum you are currently paying. It works very well
if you can easily afford the repayments and are just looking for
a way to simplify things and bring down the interest rates.
However, there are many people that struggle to meet the repayments
each month. Some of these even find that their outgoings each month
exceed their income. For these people, a debt consolidation loan
will not actually get them out of debt. In cases like this a debt
management plan may be more suitable. This will also consolidate
all your repayments into a simple monthly payment but it does not
involve taking out another loan and, if followed, it will actually
help you become debt free.
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Free debt advice
Being in debt can be very stressful. We are Office of Fair Trading
registered and are licensed debt adjusters. We are also data protection
registered. This means that we are qualified to give quality, confidential
debt advice and credit counselling.
There is no charge for our debt advice and we can advise the best
course of action for your individual circumstances.
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Individual Voluntary Arrangement - IVA
An Individual Voluntary Arrangement (IVA) is a formal agreement
between a person and their creditors. If a person cannot make their
repayments in full but are able to pay something each month then
an IVA proposal can be established. This proposal sets out exactly
what the person will pay their creditors each month.
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Whatever debt
problems you have, we can help. Click here
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