Manage Your Finances

What Are The Advantages?

Debt management plans are designed for customers who owe more than £3000 on unsecured loans, credit cards, store cards or catalogue bills. To eligible to take out a debt management plan you should be currently paying more than £120 in repayments each month for two or more unsecured debts.

As a debt management plan is designed for customers to repay their debts in a reasonable amount of time, you will need to have a minimum income of £500 per month to be eligible for one.

Advantages of a debt management plan include:

• unique, it is specifically tailored to suit your needs, taking into account your financial situation, your income and essential expenditure each month

• a plan does not require you to obtain additional credit, nor does your provider buy your debts from your creditors

• with a plan, a Financial Solutions Advisor will be employed on your behalf

• your Financial Solutions Advisor will conduct a comprehensive assessment of your financial circumstances to determine exactly how much you can pay towards each month

• your Financial Solutions Advisor will negotiate with your creditors to achieve reduced monthly repayments of your debts

• your Financial Solutions Advisor will also negotiate to request interest and charges on your accounts are either frozen or reduced

• rather than paying each of your creditors separately, you make one simply payment each month

• your Financial Solutions Advisor will be available to provide debt advice and assistance whenever you need it

Written By

To date I've been involved with helping thousands of clients save money by offering personalised mortgage & debt management solutions and have assisted in restructuring million of pounds of debt. You can contact me on

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