DEBT MANAGEMENT SOLUTIONS

Debt Management – Get Rid of Debts for Good

You might have considered an IVA but might not have enough debts to qualify – so why not get a debt management plan? They are offered by many expert insolvency practitioners in the UK and can be a straightforward way to deal with your debts.

A debt management company looks at your case – how much you owe, to whom, and what your personal financial situation looks like (how much you earn etc) and can then make a plan for you. This involves gathering up your debts and putting them into one pile. Next, they will negotiate with your creditors on your behalf and will be able to freeze interest on the amount you owe.

You will then be able to settle your debts via one low monthly payment. Simple!

Where can I get a Debt Plan?

This is the easiest part – just take some time to compare the debt management companies on Which Way To Pay. There are plenty to choose from and their services are flexible. Check what the minimum debt requirement is, and whether there are any costs and fees involved.

Once you have found a company which suits you, you can apply directly via Which Way To Pay – there is no obligation at this stage of the process. The company will then take you through a step-by-step system to find out how much help you require and in which way they can help you.

How Long does it Last?

It depends on how much you owe – some debt plans take just a few months while others take years. Find out if there is a penalty for early repayment. The length of the debt plan will be tailored to your individual case, just as the monthly payment and creditor negotiations will be.