Debt Management - One Monthly Payment and Cash to Spare
If you want to reduce your regular repayments and have some money to spend each month, then a Debt Management plan may be your best option. If you are genuinely struggling to meet your current monthly commitments, we can negotiate reductions in your repayments to your creditors.
Contact us now. A five minute chat with one of our friendly advisors could change your life for good.
Debt Management
Watch this quick introduction
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0800 027 5422
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Five facts about Debt Management
- They are ideal if like many others your debts are on credit cards and unsecured loans
- We negotiate on your behalf with all your creditors and reduce your commitment to just one smaller payment per month. Just picture the difference that will make.
- In most cases we manage to freeze interest charges, imagine the impact of that.
- Because we are handling communication, your contact with those you owe money can be minimised. How does that make you feel?
- If your circumstances change don't worry this informal agreement gives you flexibility to match.
Real life example of Debt Management
Before
Mr Brown was struggling to pay his debts and have a reasonable lifestyle.
He owed a total of £17,900 to 6 creditors. Monthly repayments added up to a punishing £480 per month, of which £220 was to interest.
Due to changes in circumstance, Mr Brown could not maintain his monthly repayments and with added interest and charges the total debt level was increasing month by month.
Mr Brown was struggling to pay his debts and have a reasonable lifestyle.
He owed a total of £17,900 to 6 creditors. Monthly repayments added up to a punishing £480 per month, of which £220 was to interest.
Due to changes in circumstance, Mr Brown could not maintain his monthly repayments and with added interest and charges the total debt level was increasing month by month.
After
A management plan was put in place for an affordable amount of £250 per month. Interest was frozen on the account so that the repayment period was only extended by 2 months despite the lower repayment. This has given Mr Brown the standard of living he needs and an extra £230 per month to cover the priorities in life.
A management plan was put in place for an affordable amount of £250 per month. Interest was frozen on the account so that the repayment period was only extended by 2 months despite the lower repayment. This has given Mr Brown the standard of living he needs and an extra £230 per month to cover the priorities in life.
Are you tired of being without some spare cash each month? Let us deal with your Debt, Call us Now 0800 027 5422