Debt Management Plans

A Debt Management Plan is an informal agreement with your unsecured creditors and is best suited for those with debts between £3,000 to £10,000.

Benefits of a Debt Management Plan:

If you are struggling with your monthly payments, then a Debt Management Plan could be your best option, some benefits are that:

  • You can consolidate all of your outgoings into one low monthly payment.
  • We will negotiate with your unsecured creditors so that any interest and charges on your debt is frozen (although this cannot be guaranteed).
  • It is an informal agreement so you are not bound by any legalities.

As a Debt Management Plan is an informal arrangement, you have the flexibility to change it if you need to, keeping you in control of your finances.

All you need to do is make one low payment to us, which we distribute to the companies that you own money to. We will also deal with any creditors calls or letters for you as part of our service.

Should I Consider an IVA instead?

IVAs are most suitable for those with debts over £15,000 over three or more creditors. An IVA is a legally binding contract where you make set monthly payments to your creditors. 

For more information about what debt solution is best for you, please call us free on 0800 048 1768, fill in your details in the Quick Enquiry Form or take our 1 minute debt test.



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