Debt Management Plans

If you’re feeling overwhelmed by debt, struggling to pay credit cards, store cards and catalogues and would like to be in a position to pay one affordable amount to your creditors every month, a debt management plan could offer the ideal solution.

What is a debt management plan?

A debt management plan is an affordable repayment programme managed by an independent company who will help you work out what you can afford to repay each month. You pay the agreed amount to the debt management company, who will then pay your creditors for you.

The advantages of a debt management plan

• You make just one payment every month instead of several.
• You have to communicate with just one organisation, the debt management company, rather than dealing with your creditors direct.
• The debt management company will, in most cases, get your creditors to freeze the interest on your accounts.

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Would you prefer to talk to an advisor about your debt concerns?

With three ways to talk to us – call free, chat online, or ask us to call you at a time that’s convenient for you – help and advice are always available. Choose what suits you best from the panels on the right.