Debt Management – What is it?
If you have several credit cards, a debt management solution could replace that debt with monthly payments that work out less expensive than paying off the cards with their interest rates over the same period of time.
Debt management has many advantages but also a number of disadvantages compared to an IVA. Debt Counsellors can discuss options for debt management with you. You can also view more information within this website.
Debt Management Program
Do you have debts and not sure how to deal with them?
A debt management program could be the just the solution for you if do not qualify for an IVA – Individual Voluntary Arrangement.
DPM – Debt Management Programs or Plans are arrangements between you and your creditors to enable the repayment of your debts with a regular payment you can afford. Debt Management Programs are not legally binding.
If you have several credit cards, a debt management program could replace your debt with one monthly payment that works out less expensive than paying off the cards with their interest rates over the same period of time.
Debt Management UK
UK Debt management programs can be the answer to your debt problems but please speak to a debt help expert first.
A UK debt management company will deal with your creditors whilst you pay them one monthly payment, (hopefully) less than all your current monthly debt bills.
Sounds good but what if charges are building, interest rates are just as high and the only reason your paying less per month is that you’ll be paying for a long time?
If you speak to one of our professional debt counsellors, we will carefully assess your circumstances and financial situation before offering the debt solution that is best for you.