A Debt Management Plan is a way that debtors can consolidate all their unsecured debts without having to take out any further borrowings. Debt Management could be suitable if you have:
This type of plan means that you can just make just one low payment which we will distribute to your creditors. You remain in control of your finances by only repaying what you can afford each month.
We will do our best to reduce or freeze any interest on your debts whilst offering you the flexibility to amend your debt management plan if you find that your financial circumstances change.
If you are having serious debt problems, unable to keep up on any minimum payments and have more than £12,000 of unsecured debt, then an Individual Voluntary Arrangement could be a better alternative to debt management and help you to avoid bankruptcy.
Our specialist advisors can help you further to see if you are suitable, please call us free on 0800 048 1766.