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Debt Management is also known as Debt Consolidation. We can help you gain control back by providing a Debt Management Plan solution that will remove the stress of overwhelming debt and consolidate your current credit commitments into one affordable monthly repayment. The amount you pay each month depends on what you can afford based on your income and expenditure (such as mortgage, council tax, utility bills). This means that you are able to meet your essential living costs and still afford to make repayments to your debts. We can help you reduce your debt within a manageable timescale.
Debt management plans cannot be used to repay secured credit (such as hire purchase agreements, secured loans and mortgages), rent (including arrears), utility bill payments (including arrears), council tax payments (including arrears) and other similar debts. It is important that all of the above commitments are met before you begin to make payments to unsecured creditors.If you wish to view our Standard Terms & Conditions please click here: DMT&Cs
Simple, professional advice.
Our experienced advisors will go through your income and expenditure with you and agree an affordable monthly payment making allowances for all your day-to-day living expenses.
We take the worry away from you.
We take care of all the paperwork, deal direct with your creditors and negotiate reduced repayment arrangements on your behalf.
We aim to freeze or reduce interest and charges.
Our strong working relationships with creditors mean that whilst they are not obliged to, we can often get your creditors to agree to freeze or reduce interest and charges.
Your own personal Account Manager.
Once your Debt Management Plan is set up, you’ll have your own personal Account Manager who will guide you through the debt plan and is available for help and advice whenever you need it.
Simply complete the form below and we will get back to you to discuss your situation. Completing this form will NOT affect your credit score. Ideal Debt Solutions have more than 10 years experience in helping people with debt problems. We’re now ready and waiting to help you. To get started just complete the simple form below.
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Initial Fees – As most of the work will be completed at the start of the programme, an initial fee will be charged based on your monthly repayment. This covers your initial assessment, document collation and initial contact with creditors. The fee will be collected as follows; 35% of the first 6 payments. Remaining funds will be distributed to your creditors on a pro-rata basis following settlement of your monthly fee.
Monthly Fee – This is an amount equal to 17% or £30 (whichever is the greater, up to a maximum of £100), which will be taken from your monthly repayments.
Monthly Repayment – This amount is made up of the total creditor re-payments and your monthly fee to IDS and is subject to a minimum of £60 per month.
You will be fully liable for any unnecessary costs which IDS incurs and any claims made against IDS as a result of incorrect, inaccurate or incomplete information that you provide.
You can request a full breakdown of the fees charged by IDS, based on your monthly payments into the plan and your overall unsecured debt levels during the life time of your DMP arrangement by contacting IDS to arrange for this to be supplied.
Should you feel your case has not been dealt with satisfactorily then please refer to our complaints procedure.
Copyright © 2014 Ideal Debt Solutions. Ideal Debt Solutions is a trading style of Ideal Corporate Solutions Limited. Licensed Insolvency Practitioners. Andrew Rosler is authorised to act as an Insolvency Practitioner by the Insolvency Practitioners Association Licence Number 9151. Ministry of Justice Claims Authorisation Number CRM 30995. Consumer Credit Licence Number 534432.
If you choose to enter into a Debt Management Plan with Ideal Debt Solutions fees will apply. Further information on our fees can be found here. Taking out a debt plan may result in the account going further to arrears, which could affect your credit rating. A debt management plan may lead to an increase in the overall amount repayable. You have the ability to change your mind within 14 days should you wish to cancel. The insolvency services produces a step by step guide, which explains all the different options available to you – this can be read at: In Debt? Dealing With Your Creditors. If you reside in Scotland then please read: AIB Debtors’ Guide . You may also want to read our information on Things you should know about Debt Management or the Money Advice Service guide to free-to-client advice organisations.