Personal Debt Management Plans

What Is Debt Management?

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 debt to be reduced in a manageable timescale.

Here's how the plan works:

• One of our specialist experienced advisors will asses your current financial situation and credit commitments to calculate an affordable monthly repayment for your debts.
• Once your debt plan is set up, you will be allocated your own dedicated Account Manager who will guide you through the plan and is on hand to provide advice and answer any questions you may have.
• We will handle all of the administration relating to your debts.
• We will negotiate with your creditors to accept reduced payments and freeze interest and charges where possible.
• We will distribute your payments to your creditors.
• We will keep regular contact with you to keep you updated with the progress of your debt management plan and complete financial reviews to account for any changes in your circumstances.

Apply Online or call our Debt Helpline on 0800 731 2433 to speak directly with an Experienced Advisor for more information on Debt Management.