What is a Debt Management Plan?

A Debt Management Plan is an informal arrangement made between yourself and your creditors to reduce the amount of your debt repayments. Your debts are consolidated and repayments arranged at an affordable level. Debt Management Plans will help you to get your finances back under control without bankruptcy or resorting to taking out another loan.

What are the benefits?

If you are suffering from financial problems then entering into a Debt Management Plan offers a number of benefits –

• your debts are consolidated into a single affordable monthly payment
• all interest and charges relating to the debt will usually be stopped
• the debt management company will deal with your creditors on your behalf
• offers a way to solve your debt problems without bankruptcy

How do I arrange a Debt Management Plan?

If you decide that a debt management plan is the most appropriate debt relief option for you then we can arrange the plan for you. As part of the Spencer Hayes group of financial advisors we will handle everything on your behalf. Statements detailing payments to your creditors will be provided on a regular basis to ensure that at all times you are full informed.

To find out more call us today on 0800 043 73 60 or complete our enquiry form and of sympathetic debt relief advisors will call you free and without obligation.