Debt Management

A Debt Management service offers you peace of mind by helping you gradually pay off your debts.

The stress of negotiations and the pressure from constant collection calls should be reduced. Creditors are dealt with directly on your behalf, arranging an informal agreement with lenders for more affordable monthly repayments.

Please note that creditors are not obliged to agree to the plan or freeze interest and charges, and making reduced payments could mean a longer repayment period.

But why choose DMP?

Dealing with creditors

Creditors are dealt with directly on your behalf.

Affordable repayments

With a catered debt management plan, you'll make a single monthly payment that contributes towards all your debts. This means no more juggling multiple payments and struggling to keep up with due dates and outgoings.

Interest and charges frozen

Through negotiation with your creditors, you could benefit from interest rates and charges being frozen, enabling you to pay off your debt more efficiently. However, this is not guaranteed.

DMP considerations

Timescales

Paying less each month means it may take longer to clear your debts in full.

Fees

A debt management company may charge fees for their services.

Priority bills

Such as rent, council tax and utility bills are unlikely to be included in the plan.

Credit rating

A Debt Management Plan is likely to have a negative impact on your credit rating, making it more difficult to obtain credit in the future.

No Legal Protection

Creditors can choose to continue with their debt collection process, which can lead to further action such as a default or County Court Judgment.

Debt Help UK

  • After receiving our help, a typical customer's debt would benefit from the below.
  • Lower monthly payment
  • Stop Interest & Charges
  • Only 1 monthly payment
  • Stop creditors taking legal action
Let us help you