How Does Debt Management Work?

A Debt Management Plan is designed to help make your monthly unsecured creditor payments more affordable. One Advice are a financial solutions company who can make debt management work for you. We can offer a range of debt solutions which means that we are sure we can find a debt solution to suit your circumstances.

Please contact our expert debt management advisors on 0800 048 1752 who will tell you how debt management works and what debt management solutions are on offer.

How Does the Debt Management Process Work?

Our debt management process starts to work with one simple phone call to us.

One of our debt management advisors will go through your details to take full account of your current financial situation and will ask you questions such as your income and how much you owe to each of your creditors. Once we have this information we will see if debt management does work for you, as you could be better suited to an alternate debt solution.

If a Debt Management Plan is right for you then we can establish how much you can afford to pay to your unsecured creditors on a monthly basis after all living expenses have been deducted. The main factor which makes debt management work is affordability. You need to be able to realistically afford this plan and that is what we will help you with.

We will then send you out one of our debt management packs which you will have to sign and return to us. From here we will negotiate with your creditors on your behalf so they accept you new lower repayments. All you need to worry about is making your monthly payments which should be affordable to you as it has been tailored to your individual circumstances.

If you find out that Debt Management Plan does not work for you then we are here to help. It could be that your financial circumstances change for the better, or worse, and that an alternate debt solution is best suited for you.

Remember that we are here to help. Our debt management advisors are only a phone call away and will be more than happy to help you to ensure that debt management works for you. Call today on 0800 048 1752.