What is a Debt Management Plan?

A debt management plan is an agreement negotiated on your behalf between you and your creditors allowing you to make affordable monthly payments to pay off what you owe. You could try and do this yourself, but it can prove to be a very difficult undertaking and unless you’re a highly experienced debt management negotiator, we would not advise it as the best course of action. Why not let us handle it for you? As your debt advisory centre we will examine your financial situation closely and analyse the position you’re in, using our highly skilled staff and our tried and trusted techniques, to come up with a fully personalised debt management scheme tailor-made to suit you and nobody else.

Debt management companies such as ourselves exist to offer citizens advice about their finances whether they’re facing bankruptcy, have let their mortgage slip into arrears or have simply allowed their credit and store card spending to get completely out of control. We are experts highly experienced in all kinds of debt management and our aim is to provide short-term relief from mounting unsecured debt problems and unmanageable monthly repayments allowing you to restructure your finances so you are able to pay off what you owe more easily.

Our skilled team of experienced debt management negotiators are there to advise you every step of the way from an initial assessment, evaluating whether you are eligible for one of our plans, through to dealing with your creditors.

During this process, we will look at how much you owe and to whom, and then negotiate with each of them on your behalf, to agree a lower monthly repayment that is more within your means. We may even be able to arrange with some or all of your creditors for your interest payments and charges to be frozen for an agreed period of time as part of your ongoing debt management arrangement. Our aim is to provide you with the breathing space you need to sort out your finances, allowing you to move forward in the longer term. An individual’s financial status is always subject to change, so whether your situation improves or deteriorates, so long as you let us know we can offer continuing advice and structure your debt management arrangements accordingly.

It is very important to remember that debt management like this is not legally binding on either you or your creditors, unlike an IVA. Consequently, your personal plan is structured as a short-term fix, because you will of course still need to repay the overall amount you owe.

No matter what your level of debt, there’s a debt management solution for you. If you’re still unsure of what to do next, take our online Debt Test. It takes less than a minute and will tell you which option might be best for you. Alternatively, you can click the video and take the Interactive Debt Test, which is a bit more in depth, offering help and support for every question.

But that just the start … you’ll know roughly what you need to do, but now our expert professional debt management advisors can go through the possible solutions with you, step by step, and all in the strictest confidence. We’ll not only walk you through the pro’s and con’s of each possible solution, we’ll also explain the acceptance criteria for them and finally advise you as to your best course of action. At the end of the process, you will have a debt management answer that addresses all of your initial questions and is personalised for your pocket allowing you to make the payments and finally sort out those financial problems, once and for all.

Our debt management service is nationwide, covering the whole country from Lands End to John O’Groats. really is just that, offering debt management Scotland, Wales, Northern Ireland and England.

Still unsure?
Try our easy to use debt calculator to give you a much better understanding of the range of options available to you. Many people are unaware of the different types of debt help on offer. Once you’ve taken the test, you’ll be much clearer as to which could suit you best. After that, all that remains is for you to talk to one of our debt management advisors and your financial problems could finally be coming to an end.
Alternatively, call us direct and for free on 0800 002 9989 to discuss your path to financial freedom right now. It could change your life …


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