debt management plan
What is a Debt Management Plan?
A Debt Management Plan is a way to reduce your payments to your creditors if you are struggling to make your repayments.
- Repayments start at £80 per month
- You only make 1 payment per month
- We negotiate to stop interest and charges on your accounts
Do I Qualify
How Does Debt Management Work?
We work out how much you can afford to pay per month to your creditors
We compile a financial statement based on your circumstances and send it to your creditors
We negotiate with your creditors to accept the lower payments
We ask them to stop interest in charges on your accounts
You make one lower monthly payment to your Debt Management Plan and we distribute it to all your creditors on your behalf.
You continue to make monthly repayments to your Debt Management Plan until your debt is paid in full
Plans are flexible so you can change your payment amounts and you can cancel your plan at any time without penalties.
Frequently Asked Questions
We compile a financial statement based on your circumstances and send it to your creditors
We negotiate with your creditors to accept the lower payments
We ask them to stop interest in charges on your accounts
You make one lower monthly payment to your Debt Management Plan and we distribute it to all your creditors on your behalf.
You continue to make monthly repayments to your Debt Management Plan until your debt is paid in full
Plans are flexible so you can change your payment amounts and you can cancel your plan at any time without penalties.
