Debts in the News
Pay Your Mortgage Before Unsecured Debts.
We are getting more and more enquires from homeowners looking for repossession advice. A typical situation is that they have built up mortgage arrears in order to keep up with unsecured loan repayments. [more...]

The End Of The 100% Mortgage
The Abbey, the only remaining lender to offer a 100% mortgage are to pull this offer on 9th April. [more...]

1 in 4 Borrowing To Consolidate Debt Go On To Borrow More.
A quarter of people taking out a loan to consolidate their debts go on to borrow more, according to a survey commissioned by Uswitch. [more...]

Mortgage Criteria Gets Stricter
Borrowers are finding it tougher to find a mortgage as cautious lenders continue to withdraw and change deals. [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:-

CSA payments make creditor repayments unaffordable.

Debt: £28,000 Was paying: £850/month
Now paying: £400/month
Client has an income £1480 per month, and was able to manage repayments on debts of £28,000 while living with his partner and child. The relationship broke down and the client was still able to afford repayments until CSA demanded over a 3rd of his income. Now unable to keep up with the repayments, debt management is the only option. An IVA is not possible as he has only 2 creditors. He is not a homeowner so can't get an unsecured consolidation loan for such a large amount.
static link to this case study: DMCaseStudy15.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. Can i exclude a particular debt or credit card from my programme ?

No, the principal reason debt management allows reduced payments is that all creditors are treated equally. By excluding one debt, then you are showing favoritism and your other creditors will not agree to this and my resort to court action

2. Does the Payment Plan cover all of my debts ?

No. A debt repayment plan can only cover your unsecured debts and potenitally some other outstanding debts. See Debts included in Debt Management for details.

3. Why would anyone with debts over £15,000 do debt management when they could write off debt with an IVA?

Not only do you need more substancial debt for an IVA, you have to be techncially insolvent, meaning your assets must be worth less than your debts. If you have equity in property, that is taken into consideration by your creditors when considering your IVA propsal. Normally you would be expect to remortgage at some point of the IVA period to raise funds to pay into the IVA.

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