Debt Management Company
What Is Debt Management
Here at the Debt Support Company we understand that being in debt can cause a lot of stress without the situation being made worse by high demands from your creditors. Our debt management program enables you to pay off your debt realistically to your creditors in one affordable monthly payment.
From the start the Debt Support Company aims to take the stress away and take responsibility for those creditors that you owe money to so you will be able to pass on creditor calls and letters for us to deal with.
What The Debt Support Company Will Do
The Debt Support Company will negotiate with your creditors on your behalf to reduce your payments inline with what you can afford and will attempt to reduce or freeze the interest so that the payments made will go towards clearing the balance. As an official debt management company, our goal is to help you find the best route to deal with your debts.
The Debt Support Company will provide you with your own personal debt advisor who will be available at the 
end of the phone or by email throughout the entire process to answer any questions you have and to help you with your debt management.
We will review your financial situation every 6 months to ensure that you maintain a reasonable standard of living while you are paying off your debts in the shortest possible timescale. If in the future you have additional funds available and wish to settle your debts early we can negotiate with your creditors a reduced settlement.
We will deal with all creditor correspondence so you don't have to and will keep you informed on how the negotiations are progressing and what the results of them are.
Debt Management Advice Program?
Anyone who is in debt may suit a debt management advice program but it is normally best suited to a person with less than £15,000 worth of unsecured debt and with 2 or more creditors. There may be other solutions available to you and this will depend on your specific circumstances and will be discussed with you in more detail.
The Benefits Of Debt Management
- Every customer gets their own individual debt management advisor
- The customer makes one affordable monthly payment
- We will deal with the creditors directly, so you don't have to
- We will regularly review the customers income and expenditure
- We will attempt to reduce or freeze creditor interest rates
- The customer takes control of their life and future
The Disadvantages of Debt Management
- The arrangements are informal. Your creditors can change their mind at any time.
- Your credit rating may be still affected
- Whilst it may reduce your monthly payments to make them more affordable, it usually means you will pay more in total over a longer period
- In the worst case if your debts are serious you may find you have no real prospect of becoming Debt Free
Enquire Online
For Debt Management Advice
