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Consolidate all your outstanding debt payments
into one affordable monthly payment.
Find out if Debt Management is the best option for you
We will select the best advisors to help you save money every month See how much you can save - Try our FREE 60 second debt calculator
What is a Debt Management Plan?
Debt management Pros (Advantages)
| Debt management could see your interest and charges being frozen by your creditors
Negotiations with your creditors to lower your payments are done on your behalf
Debt management plan can provide relief from unmanageable debt levels and associated stress
The process demonstrates your willingness to tackle your debts to your creditors |
Debt management Cons (Disadvantages)
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Debt management is not a legally binding agreement unlike an
IVA
Your creditors are under no obligation to agree to freeze interest and charges
It will take you longer to pay back your debts as your monthly payments are lower
Your creditors are free to raise legal proceedings against you at any time to recoup the money you owe them
Debt management wont hurt your credit rating as much as other debt solutions
like IVAs and bankruptcy
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