Debt Management

What is debt management?

Debt management is an effective way to help people struggling with debt become debt free. Usually if a person is in debt they will probably owe money to many creditors. Debt management is designed to help people reduce their repayments back to their creditors. Debt Management can be achieved by spreading the payments over a longer period of time, thus making them more manageable.

During a debt management program we will designate a professional debt counsellor who will calculate the amount you can afford to pay after giving consideration to your priority debts, for example, mortgage, utility bills, council tax and other living expenses. Any money left over after your priority debts have been accounted for is classed as your 'disposable income'. This money will then be distributed to your non-priority creditors.

Benefits of a debt management service

There are many benefits of having a debt management service if you are struggling with your finances. On your behalf we will negotiate reduced payments with your creditors. The creditor may also agree to totally freeze or reduce the amount of interest being charged on your accounts. The debt management program also takes the stress out of dealing with your creditors. In certain cases the debt management program can also stop them from taking legal proceedings against you.

The first port of call for most people struggling with their finances is a debt consolidation loan. In some circumstances a debt consolidation loan is not always the best way to deal with your debts. The debt management service that we provide our clients with is simple, we offer a fast, confidential and effective solution to your debt problems that can assist you in legally writing off up to 95% of your debts.

More information

For more information about debt management click the link below where you will be taken to our quote page, which enables our advisors to assess your debt management application to provide free, no obligation advice on the most suitable option to take tailored to your personal situation.

Apply for more information about debt management

Resources on debt management

» Debt Management Brings a Significant Change in Debt Scenario
» What is debt management?