How does debt management program work?

With a debt management plan managing your debts could be quite simple.

As soon as you contact us, you're one step further towards financial recovery. A debt management program could be your easiest and stress less way to eliminate debt.

Following is an illustration of how a debt management program work:

How does debt management program work - Step One

Once you contact us one for our debt managers will get in touch with you to talk to you about your debt situation (in complete confidence). He/she will look at all your income and expenditure and figure out an affordable monthly sum that you can pay towards your creditors, while maintaining an easy day to day living expense.

Once you are satisfied with how the debt management program and a how much you will be paying towards your creditors, your financial management will draw up a plan or an introductory repayment program detailing everything that you need to know. Once you have signed an authorised the program your financial manager will go ahead in setting up a debt management program for you.

How does debt management program work - Step Two

Once the program is successfully set up, you will have one single point of contact, your financial advisor or your debt management program manager. You Finance manager will give you extra financial help and advice whenever you need it.

Any administration offered that will now be taken care of by your Finance manager, ideally your creditors should be contacting your Finance manager in the end they need to contact someone however it's very easy to forward any correspondence that you receive from your creditors to the Finance manager; who will then be able to take care of anything that needs to be looked after.

How does debt management program work - Step Three

Once all the proceedings go through, you are on your way to clearing up your debts. The Finance manager will continue to maintain your account will send you a monthly statement regularly to show you the payments you have made towards your creditors. You Finance manager will also continue to review your Finance situation, should your circumstances change your personal Finance manager will be able to advise you of any changes that will be appropriate.

Why Use Us?

If you have debts upto £10,000 than our Debt Management specialists can help you by designing a debt management plan for you. Our Practitioners are industry regulated with many years experience in dealing with people like yourselves. We believe in providing honest, professional and reliable service. Fill out our online no obligation enquiry form to arrange a callback from one of our specialist Insolvency Practitioners. They will be happy to listen to you and devise a plan that is best suitable for your situation.