Is Debt Management the right solution for me?

Debt Management is an informal process of negotiating with your creditors for the freezing or reduction of interest, extension of repayment terms or the writing off of part of your debt.

Finding the best debt solution

Not all debt management programmes are bad. A good debt management solution is one where you have the advantage of cutting out the hassle of juggling debts from various sources by entering into an agreement with an established and ethical debt management company that is offering a deal that makes good financial sense.

Some could reduce your outgoings and bring your debts under control. But many use their low monthly payments to disguise the fact there's long terms and an overall increase in debt. Typically, debt management programmes are aimed at people struggling with debt and looking for an easier way to cope with multiple creditors.

Debt Help Today

IVA & Debt Management - Compare the differences.

Have you considered an IVA instead? - It's a solution for larger debts.

Debt Management Plan Definition - Wikipedia's take on the debt solution

Debt Management Advice - Further information & advice.