A Debt Management Plan would be suitable
for you if:
Your unsecured debt is 2,000 or more
You have 2 or more creditors
You can afford to pay at least 100 per month towards repaying your debts
Debt Management Definition
An informal process of negotiation with unsecured creditors to obtain
a reduction in the monthly payments and try to reduce or even freeze the
interest / charges. The negotiation process involves providing proof to
the creditors that the individual has insufficient income to meet all
their contractual liabilities.
Debt Management is not a legally binding
contract with creditors and is fully flexible. Debt Management plans can
be changed or cancelled (with no penalty) at any time depending on your
needs and circumstances.
A Debt Management Plan would mean
you make one single affordable / reduced monthly payment to us and we
do all the rest.
