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Debt management
1st May 2008
The first step to stop debt, if you are in trouble now. Just fill in our form and one of our debt management experts will get in touch and start you on the way to being happy again.
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Debt consolidation as an alternative
2nd May 2008
Debt consolidation or debt management, you can choose. You can find a loan here whether you need to consolidate you debts, buy your next car, plan a holiday, sort out wedding or many more reasons.
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Contact us
2nd May 2008
The best way to contact us is by filling in the form, then we are ready with the necessary information to start you on the road to recovery.
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Frequently asked questions
We know that this is a very important move to get out of debt. Check the FAQ or even better, fill in the form and one of our advisors will answer everything for you.
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Frequently asked questions
Here is a list of frequently asked questions. If you still have any queries contact us and one of our friendly team would be happy to help you.
Why do I need a Debt Management Plan?
This is a plan designed for you if you are struggling to pay your creditors and you want to get out of debt. By working closely with you we agree on a monthly payment amount that you can afford each month. Then we take over the control of your debts and negotiate for all interest and charges to be frozen or reduced, leaving our clients with one affordable monthly payment. ^ Top
Can you set it up quickly?
As soon as you have agreed a payment schedule with an advisor and you have made the first monthly installment we then take over the running of your debt. ^ Top
Does it cost?
We work hard to get all this done for you so, to cover our administration costs we charge a 15% management fee which is included within your monthly payment, subject to a minimum of £25 and maximum of £100.^ Top
Is there a lot of hassle?
Just send our easy to complete form back to us and we do the rest.^ Top
Should I cancel my Direct Debits?
Our plan is based on us paying your creditors an agreed amount every month. Any other payments to them that is not agreed in the plan should be cancelled. We do not want you to pay your creditors twice. Be careful not to cancel any other payments that are not on your plan.
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How about if my creditors contact me?
This can happen initially as we set up your plan but as we will be dealing on your behalf all you do is refer them to us and instruct them to deal directly with us. Any letters should be forwarded on to us for us so we can deal with it.^ Top
Is my money safe?
All payments made to us are held in a non-interest accruing client account that cannot be used for any other purpose than paying your creditors.^ Top
Will I know my creditors are being paid?
You will receive a monthly statement from us showing just who has been paid and how much.^ Top
What if I need to change my monthly payments?
We work with you around your circumstances and if things change so does your flexible payment plan. We also conduct periodic reviews of your file to keep up to date on your financial situation.^ Top
Is this a consolidation loan?
Our debt management plan is not a loan. If you need this help then taking out another loan will increase your monthly payments and may get you back into debt. In our professional opinion, where you are seeking debt management, we would advise you not to take out another loan. But when your circumstances change, we will happily advise you how to maximise your newly acquired finances. ^ Top
WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. DEBT CONSOLIDATION LOANS ARE SECURED ON YOUR HOME.
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