Articles tagged with: Debts Management FAQs
FAQs »
The amount that you will have to pay for your Debts Management Plan is dependant on how much you owe your creditors, your income and what your outgoings are.
A Debt Management Plan is tailored to your unique financial circumstances. Therefore the only way we can determine how much you will have to pay is through speaking to you directly. Please fill out the Quick Enquiry Form so we can call you back?
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Because you are making reduced payments on your debts, it will take longer for your debts to be paid off.
As part of our initial consultation with you, we will provide you with an estimate of the likely time it will take you to complete your Debt Management Plan. Please understand that a Debt Management Plan is not an overnight solution, and (unlike an IVA) will offer you no percentage of debt relief.
As a Debt Management Plan is tailored for your circumstances, please call today for further information on 0800 0481 …
FAQs »
Yes, you can do a Debt Management Plan if you have a CCJ (County Court Judgment).
You can even use the plan to make payments against any existing CCJs that you have. Just make sure that we know exactly what your current situation is when you talk to us before coming on the plan.
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Yes, chances are that, with a Debt Management Plan, you will be paying your debt off over a longer period of time. This is because you will be making reduced payment to your unsecured creditors and some may not freeze the interest and charges on your debt.
However it is important to remember that you will no longer to struggling on a month to month basis as your debt repayments will be affordable to you.
An IVA is slightly different. The length of an IVA is typically 60 months, at the end …
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We will apportion any payments received from you for distribution between your creditors based on how much each is owed. We will issue a statement showing how much each creditor will receive, this should remain fixed unless your circumstances change. We will also issue a quarterly statement showing all transactions on your account. In addition to this, you will still receive your statements from your creditors.
Once you have signed up to a debts management plan with us, you will be given you own log-in details to our Client Portal. Here …