Debt Management Plan | Debt Solution

If you are currently struggling with debts of around £2000 - £15,000 and are unsure of what steps to take next, Debt Solutions can offer you help. We offer a range of debt solutions for all types of debt situations. One of the debt solutions we offer is known as debt management.

Debt Management also known as Debt Management Plans is when you reach an agreement with your creditors to repay your debts at a lower rate that is more affordable to you. This agreement unlike and IVA or Trust Deed is informal. Debt Management is a good solution for people who have debts that have got out of control. As it is an informal arrangement you are not tied into any contract and you can opt out of the agreement at any time, like for example when you are in a better financial situation.

You can organise a Debt Management Plan yourself or have a Debt Management company like ourselves handle it for you. In that situation we would handle all contact with your creditors and you would only have to speak with us regarding your arrangement.

If you are interested in finding out more about Debt Management then please browse the debt management section of the website or phone us direct now on 0800 043 0200 and our Debt Management Advisors can answer all your questions about debt management plans.

Benefits of Debt Management Plans

You can take control of your debts without a getting another loan
You can regain control of your finances
You can reduce or freeze the interest and charges on the debt
There is no need for formal Insolvency Procedures
You can pay off your debts with one single monthly payment that is affordable to you
Demands and harassment from creditors usually stop

Debt Management Frequently Asked Questions

See our Frequently Asked Questions (FAQ) about Debt Management Plans.

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* A fee is only payable where further services are requested. All fees will be explained in detail and discussed prior to commencement of any service or debt repayment plan. Repaying debt over a longer period may increase the total amount to be repaid. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term. Creditors may still contact you with promotional material or to fulfil contractual obligations to you but they should deal with us in all aspects relating to the outstanding debts.

Phonecalls: Calls from a landline are normally free. Please consult your provider if you are unsure. Calls from a mobile may be subject to charges. If you get charged just ask us to call you back for free.