Debt Management

• Do you have debt problems?
• Have you been refused a loan?
• Are you struggling to meet your monthly payments to your credit cards, store cards, personal loans or catalogue debts?

Then it is possible to consolidate all your debts into one affordable monthly payment without further borrowing with a Debt Management Plan from One Advice.

Take the One Advice 1 Minute Debt Test to see if a debt management plan is the right debt solution for you. 

What is a Debt Management Plan?

A Debt Management Plan will allow you to make repayments to your creditors in one low monthly payment at a cost you can realistically afford. You make one affordable payment to us, which we distribute to your creditors (the companies you owe money to).

In contrast to an IVA, which is a legally binding contract between you and your creditors, debt management is an informal agreement with your unsecured creditors and is most suitable for those with lower debts, between £3,000 to £10,000. Our specialist advisors can help you further to see if you are suitable, please call us free on 0800 019 5870.

A debt management plan will not offer you the same level of protection from your creditors, but it allows you far greater flexibility.

We will negotiate with your creditors to reduce or freeze any interest or charges on your debts, although we cannot guarantee this. But what we can guarantee is that you will have the flexibility to change your payment plan should your personal circumstances change.

If you have any questions about Debt Management please see our Debt Management FAQs or call one of our One Advice debt advisors on 0800 019 5870.

Debt Management Plan Benefits Include:

• Financial control as you repay what you can afford
• One low affordable monthly payment which is distributed fairly to your creditors
• We will negotiate with your creditors to freeze Interest and charges, but this cannot be guaranteed.
• No need to worry about creditor calls or letters.
• You only pay what you can afford.

Why Use the One Advice Debt Management Service?

One Advice are one the largest and longest established debt management companies in the UK. We have helped over 100,000 people find a solution to their debt worries.

For more information and no-obligation help about a One Advice debt management plan, please call our free phone number on 0800 019 5870, or fill in your details in the Quick Enquiry Form and we will call you back.

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.)