Debt management
If you have modest debts but find it hard to meet your repayments a debt management programme may be right for you.
A debt management programme means that we will manage your debts for you.
We start by calculating how much you can afford to pay each month. We then talk to your creditors and agree an affordable repayment plan. You then pay us this sum monthly and we make the payments on your behalf.
With a debt management programme your debts are reduced until you are debt free. With a debt management programme you repay all your debts, non of which are cancelled as with an IVA.
One advantage of a debt management programme is that you normally do not have to deal directly with your creditors. If you receive correspondence from your creditors you can normally pass it on to us. Your creditors may send you statements showing how much you owe. These statements simply show that your debts are decreasing.
