What is a Debt Management Plan?
A Debt
Management Plan is an informal
arrangement between you and your creditors
whereby you agree to make just
1 payment every month to your creditors.
It is managed by a Debt
Management company who will be responsible
for all correspondence between you and your creditors.
How long does a Debt Management Plan last?
Unlike IVAs,
the duration of the debt management plan is set
so that all of your debts
are paid in full.
A Debt Management Plan can be a very good way of reorganising your finances.
What are the advantages of a Debt Management Plan?
In addition to dramatically reducing your outgoings you could:
 |
Have a definite date when you will be Debt free |
|
See All interest frozen |
|
See Creditor pressure stopped |
|
|
Have just 1 easy monthly payment |
|
|
Start your new payment plan today |
How do I apply for a Debt Management Plan?
-Fill out the Debt Management application form or call us on 0800 043 3328 or
-Use the Debt Management New Payment Calculator to work out your new payment
Remember all our advice is free so dont hesitate to contact us now!
If you would like to ask us any questions about Debt Management Plans or our other Debt solutions you can call us or fill out the quick enquiry form below and we will be happy to advise you for free.
You can also read our Debt Management FAQs for any more information on this type of debt solution.
|
