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. We believe that our clients should be well informed and able to make the best decision about what is best for you.

Please speak to one of our expert advisors on 0800 019 5870 who will be able to give you specialist advice free of charge, or fill in the Quick Enquiry Form and we will call you back.

Advantages of Debt Management:

• One reduced affordable monthly payment, no matter how many creditors you have.
• It is an informal arrangement meaning that you can avoid legal insolvency procedures.
• An agreement with your creditors means that they should suspend any action, and are often willing to freeze any additional interest.
• ‘Debt Free Guarantee’ at the end of the programme.
• You won’t have to have any meetings with your creditors.
• The knowledge that you are dealing with your debt problems, means less stress and worry for you.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)