What is debt management?

The aim of debt management is to lower contractual repayment and lower interest or charges from the creditor through informal negotiation. Negotiating with creditors will involve giving proof to the creditor that you do not have enough income to cover their contractual liabilities.

What can Debt Management do to help you?

• Make your unsecured debts into a more affordable, single monthly payment by consolidation.
• We can issue your creditors your monthly payment for you.
• To determine your eligibility, we can confidentially evaluate your situation.
• If you find that keeping up with your monthly repayments is difficult, we’ll help by trying to negotiate the terms of your repayments.
• We may also be able to help by negotiating with your creditors to decrease or stop charges and interest put on your accounts.
• Please don’t delay in contacting us if you feel you would like more information on Debt Management services.

What we will do

We will firstly work out what is a reasonable amount per month that you can put towards your debts. We make it simpler for you to control your debt repayments as you firstly pay us and then we distribute the money between your creditors.

Why you should use our service

Due to our strong relationships with a large number of creditors, it may be possible for us to get your payments lowered, and interest charges in the future lowered; perhaps frozen.

Why this would help you

It is a lot easier to keep on top of fundamental bills when you only have a single monthly payment. In cases where the interest has been frozen, you will actually be paying off your debt as opposed to only paying off the interest.

What you will be required to pay

This is dependent on your situation. Because it is essential to be up to date with your monthly payment, we will work out a reasonable monthly payment, taking into account your earnings and expenditure. Missing payments could mean your creditors revoke any agreements we have made for you.

What will our fee be?

Your first month’s payment will cover the costs of implementation so that we can arrange your programme and discuss with your creditors. The ongoing administration charge will be 17.625%, which is included in, not added to your monthly payments.

Management of your debts

You will be informed of amounts paid to creditors by quarterly statements so you will know precisely who has been paid what. This means that you can be sure that we are in control of the situation.

You can find the solution that works best for you just by filling out the Online Application Form.