Debt Solver is a member of DRF (Debt Resolution Forum). The Debt Resolution Forum promotes professional standards for resolving debtors' financial problems, focussed on the quality of advice provided to consumer debtors by all DRF members.

Frank owed £39,301...He's now paying £370 a month instead of £900.

Julie owed £26,550...She's now paying £226 a month instead of £630.

Mr Roberts owed £15,407...He's now paying £150 a month instead of £560.

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How Debt Management Works

Debtsolver will make a complete appraisal of your finances and any other relevant circumstances, including monthly incomings and outgoings, as well as reviewing your list of creditors. It will help if you can provide any other relevant evidence of the circumstances that led to your inability to meet your debts.

We will then summarise this information to come up with a monthly payment schedule that you can reasonably afford and offer to your creditors.
We will then contact your creditors on your behalf with a debt management plan and usually be able to negotiate a reduced monthly payment plan.

The plan will continue until your debts are cleared or until you can start to pay the contracted amount again. The most common reason for this being an improvement in financial circumstances enabling a client to leave the plan and revert to their original monthly payments.

Debt Management Plan Criteria:

For us to be able to negotiate a debt management plan on your behalf, you would usually meet the following criteria:

It's not possible for you to meet your current financial obligations.
You are ready to commit to a negotiated monthly repayment that you can afford, and that your creditors are satisfied with, and in any case not less than £100 per month.
You have at least two different creditors with whom you have unsecured loans or debts.

A debt management plan can reduce your monthly outgoings, and simplify all your different repayments into one monthly lump sum, provided certain criteria are met. As well as saving you money, this can reduce the stress and anxiety of dealing with multiple creditors.

For more details about a debt management plans, or for any other enquires, contact us in confidence, at Debtsolver on 08000 434 336

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