Debt Management

What is debt Management? 

• Debt management is a way of consolidating all outstanding unsecured credit payments into one single payment without taking out further finance.
• Debt management help those customers who can no longer pay the monthly repayments to their unsecured creditors and cannot obtain further finance.
• Customer has one affordable monthly payment to pay the debt management company on a date they specify.
• This is not a loan and customers will not receive any funds.
• Debt management will affect your credit rating and may lead to defaults as customers will be in breach of their original agreements with their creditors.
• Debt management can only deal with unsecured credit and cannot include Secured Loans and Hire Purchase agreements due to your home and possessions being at risk should you not keep up with the repayments.
• Debt management will try to get all interest and charges suspended and help prevent further action.