Debt Management - Advice

Total Unsecured Debt

Under £15000 Over £15000

Number of Creditors

Monthly Income

Are you a Home Owner

Yes No

If you are facing a mounting debt problem and you are worried that you might be losing control of your finances, a Debt Management Plan might be the best solution.

Your first step when you are faced with any debt problem is to seek out the advice of a dedicated debt advisor. The sooner you get help with your debt, the more manageable it is and the easier the problem is to solve.

When you have discussed your financial circumstances and the extent of your debt problem with one of the Debt Solver advisors, you'll have a far greater understanding of the best debt solution for someone in your situation.

If you are struggling to meet your debt repayments each month because of your other financial commitments, a Debt Management Plan should be easier to manage your spending.

Debt Management is about reducing your monthly payment to something that is more affordable. It's a good idea to have a debt advisor help you decide what's reasonable, based on the amount that you can afford to repay and what's realistically acceptable to your creditors.

Making a single payment to a reputable Debt Management company will allow you to regain control of your budget. They will then distribute the payment to your creditors, so you don't have to deal with them anymore.

Having a Debt Management company deal with your creditors can greatly reduce the stress associated with the letter and phone calls. Knowing you have support should your circumstances change is a big help too.

Your Debt Management will look closely at your financial situation, taking your monthly outgoings, interest rates and minimum monthly repayment amounts into account. That means you have to be open with them about the extent of your problem. At Debt Solver, we have the experience to guide you out of this situation.

It's possible to freeze the interest rates and any extra charges that are applied to your debt. It's not possible to guarantee this but if you are taking the advice of a trusted, well established Debt Management company, your creditors will be more open to negotiation on these points.

Remember, as a Debt Management Plan is an informal agreement with your creditors that is brokered by Debt Solver. As such, you're not tied into any finance contract; there will be no cancellation fee if your situation changes and your creditors should be warm to the arrangement because they won't have to pay any legal fees.

For more advice about Debt Management, talk to one of the Debt Solver team.