Debts in the News
Sporting goods thefts 'could contribute to debt problems'
People not wanting to add to their debt concerns may want to make sure their home goods are not vulnerable to thieves, it has been advised. [more...]

School uniform prices adding to parental debt woe?
The high prices parents face when paying for school uniforms could be increasing their debt concerns, it has been suggested. [more...]

The self-employed unable to repay debts?
A number of self-employed workers in the UK cannot afford to pay their debts, it has been suggested. [more...]

Coalition cuts to raise debt help need for the poor?
The poorest households in Britain may need debt help management after it has been revealed the coalition government's emergency budget has hit society's least well-off the hardest. [more...]

Debt Management

Debt Management allows to to consolidate your debts to lower monthly repayments without having to borrow again or put your home at risk with a secured loan.

What is Debt Management ?

Debt Management adviceDebt management is an informal arrangement between you and your creditors, negotiated by a Debt Management company on your behalf. We take details of your debts, income and outgoings. This is called a financial statements. We present this to your creditors as evidence that you are unable afford current payment levels. You make one affordable payment to us, which we distribute to your creditors. Typically, new payments are half your existing payments, but will depend upon individual circumstances.

Debt Management Key Benefits.

Also know as an informal agreement or structured repayment plan , the key benefit of debt management are as follows:-

Debt Management Examples

Our database of real debt managament case studies shows how debt management helps people with wide range of financial and personal circumstances.

View Debt Management Case Studies »

Most Recent Cast Study:-

£58,000 of debt - but can't do an IVA.

Debt: £58,000 Was paying: £1267/month
Now paying: £300/month
Client has £200,000 equity in his home & unsecured debts of £58,000. His assets are more than his debts, but he can't pay 11 creditors from a monthly income of £1,060.
An IVA is not possible as his creditors would never agreed to forgive any debt when he could repay them in full by selling his property. The client does not want to remortage as he has recently become self employed and does not want to risk his home if that does not go to plan. Debt management will never pay off this debt, but it gives our client some respite from his creditors while he focuses on building his business without the fear or court action or losing his home.
static link to this case study: DMCaseStudy100.asp

Debt Management FAQ

Got a question about our debt management service?
View Debt Management FAQ »

3 Random Q&A's from the database:-

1. Do you need to do a credit check on me ?

No. We do not lend you any money, therefore we do not need to credit check you.

2. Does my spouse or partner need to know ?

We believe that it is always best to be honest with your partner. However, you only legally have to tell your partner if you have joint debts and/or you need your partner’s income to be taken into account to support the plan.

3. Should i ignore contact from my creditors now you are managing credit repayments?

No, under guidelines issued by the Office of Fair Trading, we are not allowed to advise you do this. It may be the case the a particular debt management company is incompetent and not making correct payments. The creditors would need to be able to advise their client of this. Should they contact you, listen to what they have to say and politely tell them Abacus are now handling your finances are refer them to ourselves.

Make a Debt Management Enquiry
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We'll call you back for a free consultation on solutions to solve your financial problems.

Common Misspelling:-
Debt Managemant, Debt Managemnt, Debt Management Plan, Debt Management Program, Debt Mangement, Debt Management Programme, Debt Managment, DebtManagement,