Debt Management

If you are struggling with your monthly creditor payments, then it is possible to consolidate all your existing debts into one affordable monthly payment with a Debt Management Plan (DMP). You make just one low payment to us, which we distribute to the companies you own money to. 

A debt management plan is an informal agreement with your unsecured creditors and is most suitable for those with low debts between £3,000 to £10,000.

We will negotiate with your creditors to reduce or freeze any interest or charges on your debts, although we cannot guarantee this. But we can guarantee that you will always have the flexibility to change your payment plan should your personal circumstances change, either for the better or worse.

If you are having serious debt problems, unable to keep up on any minimum payments and have more than £15,000 of unsecured debt, then an IVA could help you to avoid bankruptcy.

For more information , please call our free phone number on 0808 131 9100, or fill in your details in the Quick Enquiry Form.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)