Debt Management
Struggling To Repay Your Debts?
Let’s see if you qualify for a Debt Management Plan
Debt Management is a debt plan used to manage your unsecured debts into one affordable monthly payment. Debt Management involves negotiations with your creditors to often reduce your monthly payments into a more manageable payment.
How We Can Help
We will discuss all possible options with you, to enable you to make an informed decision on the option that is best for you. If you decide that Debt Management is your preferred solution, and you wish to pursue it further, you will be signposted our specialist Debt Management team.
Debt Management
Affordable debt repayments. Plus all interest and charges are requested to be frozen.
Key Facts About Debt Management
A Debt Management plan is an informal arrangement meaning there are no contracts to tie you in. You can withdraw at any time, but so can your creditors. Am I eligible? Struggling with repayments on debts such as credit cards and loans? Your unsecured debt is greater than £2,000 You can afford to pay more than £100 per month towards your debts
Key facts: Debt Management
You only pay what you can afford Your credit rating could be affected. If you are already struggling with your repayments then your credit rating is likely to be poor. Creditors are not obliged to agree to a Debt Management Plan nor freeze interest and charges. This can lead to an increase in the total sum repaid and can extend your repayment period. Before entering a plan, please ensure you have an estimate for the total repayment period and length of time for the plan subject to your creditors accepting the arrangements A Debt Management Plan is informal meaning both you and/or your creditors can withdraw from it at any time Failure to keep up your repayments once a repayment plan is set may result in arrangements with your creditors to be broken. If you feel you are struggling with your arranged payment you will need to contact your debt management provider and they shall review your repayment plan and see what options are available to yourself.
Am I Eligible
Am I eligible? Struggling with repayments on debts such as credit cards and loans? You have 2 or more creditors You can afford to pay at least £100 per month
IVA Advice Online is a trading style of My Debt Plan Ltd.
Registered address 2nd Floor Blenheim Court, Cheadle, Cheshire, England, SK8 2JY Company Registered in England and Wales Number 10992838 Data Protection ZB284067.
My Debt Plan Ltd provides insolvency solutions to individuals, specialising in IVA’s. All advice given is provided in reasonable contemplation of an insolvency appointment. Where you are not suitable for an IVA, we may refer you to one of our trusted partners who specialise on alternative solutions.
You will be contacted by IVA Advice Online
Lucy Novo Deakin is a licensed insolvency practitioner in the UK by the Insolvency Practitioners Association (IPA).
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
*Our advice on your options is always free and we will notify you if a solution you choose has a fee associated with it.
