Debt management

If you are trying to combine multiple debts into a single monthly payment then a debt management plan be the right solution for you.

It would allow you to refer any queries relating your debts including Correspondence and phone calls to a Debt management company who take cares of your best interest of repaying the debts in a affordable way.

This solution can help service your debt by reducing your monthly payments

Below are some of the benefits of a debt management plan

·         If you’ve been turned down a debt consolidation loan, there is still a chance you can consolidate your debt into a single manageable monthly payment through a DMP. Unlike a debt consolidation loan the management plan will allow you to adjust your payments. This means if your situation improved you can pay the debt off much sooner than agreed.

·         If you are entering an IVA then a debt management plan makes a great safety net for you to fall back on if your IVA fails. To be able to get accepted, IVA’s  have to be agreed by your creditors. In the event of an unsuccessful IVA you can continue reduced payments on the DMP.

Is debt management the right option for me?

This really depends on your individual circumstances. part of our consultancy process would be to check every angle and recommend the right debt solution