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STARTGet Help Today
Making an enquiry is the first step to becoming debt free. Don't forget we can help you:
- Consolidate you debt into one
- Reduce your monthly outgoings by upto 40%
- Stop interest and charges
- Stop creditor hassle
- In some cases write upto 75% off your debt
- Become debt free within 60 months
Opening Times
Please call us on 08000 122 118 for free, no obligation help & advice.
Debt Management FAQs
Common debt management questions answered
Will I end up paying more on a debt management plan?
NO. Your repayments are derived from disposable income, after necessary expenses such as food and rent are considered. Please contact our trained advisors to find out the many items which can be classed as necessary expenses.
Will I have to worry about multiple payments to my creditors?
NO. Not only do you only make one simple, low payment to us, but we also distribute this payment to each of your creditors, at a rate negotiated by our trained advisors.
Will I continue to receive threatening phone calls/ letters from my creditors?
NO. In the unlikely event that you receive threatening correspondence from your creditors, following our repayment negotiations on your behalf, please contact us, we will stop it.
Am I bound to this agreement?
NO. A debt management plan is not legally binding, and as such you can stop at any time. If you decide on this course of action, please be sure to continue to pay your creditors, otherwise you will start receiving threatening letters again. If your financial situation changes for the better, or worse, we can renegotiate with your creditors, to find a payment plan that suits your circumstances.
What if I miss a payment to you?
Whilst we strongly advise you keep up payments to us, unlike other lenders, we do not charge you a late payment fee. Interest if often frozen following your first payment to the debt management plan; therefore we won’t charge you any further cost. However your creditors need to be paid on the date we agree for you in order to remain happy, so please try your utmost to keep up with payments.
Does a debt management plan put my home at risk?
NO. Unlike a secured debt consolidation loan, your house is a completely separate entity, and will never be at risk in the unlikely event that you cannot keep up your lower, single payment. You will never be asked to sell your property to raise equity for a debt management plan.
How long does it take to arrange a debt management plan?
No time at all. Please contact our experienced advisors, and after a few short questions, we can have you fully on the road to financial freedom within minutes.