Why use a Debt Management Plan?

Is a Debt Management Plan right for me?

A Debt Management Plan can be the best debt solution for you depending on your circumstances and your debts. Due to the flexibility and informality of a Debt Management Plan you can use it as a short term fix if you have fallen behind with payments due to loans or credit cards and/other unsecured debts. This is useful if there is a short term problem that is resolved quickly and normal payments can resume within 6 months to a year.

A Debt Management Plan can also continue until it is completed in full and all the debts are paid off.

Why use a Debt Management Plan?

Below are a few points to consider as to why a Debt Management Plan can be the right solution for you.

• A Debt Management Plan is flexible and informal
• A single affordable monthly payment that is tailormade for you
• If you are a homeowner, you should not have to release any equity
• It can be temporary debt solution or you can stay in it until you repay all your debts and become debt free
• Some creditors prefer a Debt Management Plan as opposed to other Debt Solutions
• It is strictly confidential and involves no registers
• Debt Solutions prides itself on Helpful, friendly and knowledgeable staff
• You will have the best possible chance of freezing interest and charges

For more information on Debt Management you can contact us at Debt Solutions on freephone 0800 043 0200 or send us your details by filling in one of our forms and we will be in touch. *nb You are under no obligation and your information is handled with the strictest of confidence.

We can help with any amount of debt, small or large. Our advice is free and, if your circumstances suggest that a debt management plan is your best option, we will propose an informal arrangement with your creditors to pay your debts.

Frequently Asked Questions

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