Debts Over £2000 or more?

A Debt Management Plan could help…

Arrange a lower monthly repayment

Stop creditor demands

Interest and charges could be frozen

1 monthly manageable repayment

Enable you to have more disposable income

Get debt help

To qualify for debt write off in an IVA, you must have a minimum of £6000 of qualifying unsecured debt owed to two or more creditors. A debt write off amount of between 25% and 75% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors.

Debts Over £2000 or more?
Debt Management Plan could help…

Wipe your unsecured debts off

Freeze all interest & charges

Write-off up to 100% of your debts

Stop all pending legal action

Have more disposable income

Get debt help

To qualify for debt write off in an IVA, you must have a minimum of £6000 of qualifying unsecured debt owed to two or more creditors. A debt write off amount of between 25% and 75% is realistic, however the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors.

Let us help you take control of your money worries…

Chat to us

Get started by calling us on the number above or by clicking on the get debt help now button and filling out the form and one of our advisors will contact you.

Help & Support

Your Money Worries advisor will listen to your needs and take you through all available solutions enabling you to make an informed decision on the path you wish to take.

Your Solution

Together with our trusted & regulated partners we will proceed in putting your solution in place, giving help & support every step of the way.

Let us help you take control of your money worries…

Chat to us

Get started by calling us on the number above or by clicking on the get debt help now button and filling out the form and one of our advisors will contact you.

Help & Support

Your Money Worries advisor will listen to your needs and take you through all available solutions enabling you to make an informed decision on the path you wish to take.

Your Solution

Together with our trusted & regulated partners we will proceed in putting your solution in place, giving help & support every step of the way.

What is a Debt Management Plan?

Debt Management is a re-structured repayment plan that enables you to pay 1 monthly payment to your unsecured creditors, ensuring your household bills are maintained.

Your 1 monthly payment is distributed out to your creditors on your behalf, ensuring that all contact and future dealings with your creditors are managed by your chosen company. For the management of your debts and the work that your chosen company do for you, management fees may apply. By paying a management fee, this will increase the time in which it takes to pay your debts back.

The Debt Management plan will enable you to regain control of your finances and the objective is to break the ‘lending cycle’ and support you with becoming debt free.

The Debt Management Plan is an informal agreement, meaning you can increase and overpay throughout the journey of the plan however there is also a chance it will take you longer to pay the debt back and cost you more by the time you have finished the plan.

Remember, the Debt Management Plan is there to support you with your unsecured debts, all secured loans must be maintained.

Lenders often agree to the offer, ensuring interest is frozen and no action is taken, providing you maintain your payments and stick to the agreement. Remember, the Debt Management Plan is an informal agreement and so the creditors are not obliged to agree; however, the benefit to them in accepting the arrangement and supporting the client is highlighted.

When you offer reduced payments to your creditors, they will record this on your credit file for 6 years. This means your credit rating will change and during that time you may find it difficult to obtain credit, if you do obtain credit; it may reflect in the interest that you pay.

Debt Management is just one way to tackle your money worries and here’s what it could potentially do for you:

  • Arrange lower monthly repayments – It may take you longer to repay your debts however this will enable you to pay something back and regain control of your finances
  • Stop creditor demands – We know that creditor contact and demands can be very distressing, this can be managed for you
  • Negotiate to have your interest and charges frozen for you – Although your creditors do not have to agree to this, every effort will be put into achieving this for you
  • Resulting in you having 1 monthly and manageable repayment to pay back to your creditors, ensuring you can pay your household bills; such as your rent, council tax etc

What is a Debt Management Plan?

Debt Management is a re-structured repayment plan that enables you to pay 1 monthly payment to your unsecured creditors, ensuring your household bills are maintained.

Your 1 monthly payment is distributed out to your creditors on your behalf, ensuring that all contact and future dealings with your creditors are managed by your chosen company. For the management of your debts and the work that your chosen company do for you, management fees may apply. By paying a management fee, this will increase the time in which it takes to pay your debts back.

The Debt Management plan will enable you to regain control of your finances and the objective is to break the ‘lending cycle’ and support you with becoming debt free.

The Debt Management Plan is an informal agreement, meaning you can increase and overpay throughout the journey of the plan however there is also a chance it will take you longer to pay the debt back and cost you more by the time you have finished the plan.

Remember, the Debt Management Plan is there to support you with your unsecured debts, all secured loans must be maintained.

Lenders often agree to the offer, ensuring interest is frozen and no action is taken, providing you maintain your payments and stick to the agreement. Remember, the Debt Management Plan is an informal agreement and so the creditors are not obliged to agree; however, the benefit to them in accepting the arrangement and supporting the client is highlighted.

When you offer reduced payments to your creditors, they will record this on your credit file for 6 years. This means your credit rating will change and during that time you may find it difficult to obtain credit, if you do obtain credit; it may reflect in the interest that you pay.

Debt Management is just one way to tackle your money worries and here’s what it could potentially do for you:

  • Arrange lower monthly repayments – It may take you longer to repay your debts however this will enable you to pay something back and regain control of your finances
  • Stop creditor demands – We know that creditor contact and demands can be very distressing, this can be managed for you
  • Negotiate to have your interest and charges frozen for you – Although your creditors do not have to agree to this, every effort will be put into achieving this for you
  • Resulting in you having 1 monthly and manageable repayment to pay back to your creditors, ensuring you are able to pay your household bills; such as your rent, council tax etc

What people are saying…

Amazing, helpful and friendly. I have already recommended you to a colleague and he’s been in touch with yourselves. I definitely made the right choice. Wonderful service.

Lisa M

As well as our great service...

If you’d like more information on other sources of free debt help and advice you can visit the Money Advice Service. It's an independent service, set up by the government to help people make the most of their money.

As well as our great service...

If you’d like more information on other sources of free debt help and advice you can visit the Money Advice Service. It's an independent service, set up by the government to help people make the most of their money.