|
|
|
 |
|
 |
 |
 |
Debt Management can be an excellent solution to your debt problems. It’s a fast and effective arrangement that can be altered if your circumstances change allowing you to quickly regain control of your finances.
Together we’ll discuss your income and expenditure and agree an affordable monthly payment plan, making sure that your day-to-day living expenses have been taken care of.
As soon as we receive written authorisation along with your fist payment, we’ll contact your creditors to let them know that we’re looking after your finances.
How does it work?
The debt management company will agree a monthly amount to be paid that you can afford but is also acceptable to your creditors. The monthly payments will be made to the debt management company who will deduct their fee and then distribute the balance to your creditors.
What else should I know?
If there are any problems with the debt your creditors will contact you rather than the debt management company and it is likely that they will continue to charge interest on the whole debt. Repaying a debt this way usually takes a long time and the total amount paid is likely to be higher than the other options available.
Debt management companies offer a service whereby they act as an intermediary between someone who owes money (debtor) and the multiple people that they owe money to (creditors). They make contact with the creditors and try to renegotiate the debt on behalf of the individual. After that the debtor pays one payment to them monthly, which they distribute out between the creditors.
Why not call us today to find out more about our Debt Management plans.
|
| |
|
|
|
|
|
|
|
|
|
|
 |
