Debt Management Advantages

A Debt Management Plan is a long term financial commitment helping you to control your cash flow with one easy payment to us, and we will deal with your creditors on your behalf.

We believe that all our clients should be well informed and able to make the best decision about what is best for them. Please see below for the main debt management advantages, and please be aware of any debt management disadvantages.

For specialist debt management advice, please speak to one of our expert One Advice debt advisors on 0800 048 1752 or fill in the Quick Enquiry Form and we will call you back.

Advantages of Debt Management:

Debt management advantages include:

• One Payment – A Debt Management Plan offers you one reduced affordable monthly payment, no matter how many creditors you have.
• Informal Agreement – A Debt Management Plan an informal arrangement meaning that you can avoid legal insolvency procedures, such as bankruptcy. You won’t have to have any meetings with your creditors as One Advice can arrange a debt management plan on your behalf.
  You can have the flexibility to change your plan if you need to and your payments are periodically re-evaluated so that you are getting the best from your plan.
• Interest and Charges may be frozen – A Debt Management Plan is an agreement with your creditors. They should suspend any legal action against you and are often willing to freeze additional interest, although no guarantees can be made.
• Debt Free – A Debt Management Plan means that you are free of unsecured debt at the end of your plan.
• Less stress and worry - A Debt Management Plan offers you the knowledge that you are dealing with your debt problems, which means less stress and worry for you.