What Is A Debt Management Plan ?
A debt management plan is a formal agreement between a debtor and all its creditors. The goal is to write-off unlawful or time barred debts then clear the outstanding balance with affordable monthly repayments.
UK Government Legislation On Debt
If you are balancing multiple debts, interest rates and payment schedules each month, the latest government legislation could make managing your debt simpler and more convenient while lowering your regular payments. With a bespoke debt management plan you could combine all of your existing debts, such as credit cards, unsecured loans and overdrafts into one affordable regular payment. Your debt management review will highlight suitable debt plans and it will provide jargon free explanation on how you could reduce what you pay, improve your cash flow and get closer to being debt-free.