Money Management People understand debt.

Our Debt Management Programme can provide you with a realistic, affordable path to a debt-free future. Talk to us and we will negotiate with your lenders for you, aiming to:

Reduce your payments. You only pay what you can afford.

Reduce your charges. We ask your creditors to freeze or reduce interest and charges.

Reduce your stress. By handling all letters, phonecalls and negotiations with your lenders.

Money Management People have built strong working relationships with brokers and the credit industry, and whilst they are not obliged to, we will arrange negotiations with your creditors to freeze or reduce the interest and charges on your accounts, wherever possible.

If you’re struggling to stay on top of your payments, we can ensure you have the funds you need for your priority debts, i.e. rent / mortgage, utility bills, etc. by reducing the cost of your non-priority debts – e.g. credit cards, personal loans and overdrafts.

What is debt management?

A debt management plan is an arrangement between you and your creditors which allows you to repay your debts with a lower and more affordable monthly payment.

How can you help to deal with my creditors?

When you enter into a debt management plan, we will arrange negotiations for reduced monthly payments. We may also be able to negotiate a freeze or reduction in interest and other charges, meaning more of your lower payment goes towards reducing your balance.

Once your debt management plan begins, correspondence is dealt with between you and your creditors.

Will I have someone to help me all the way?

On a debt management plan, you will have your own personal contact between you and your creditors, as well as answering any questions you may have throughout the duration of your debt management plan – whether it’s regarding your repayment plan or any other financial concerns you may have.

How does the process work?

It starts when you go through your income and expenditure with us, so we can calculate how much you can actually afford to put towards your debts each month, after you’ve allowed for your essential expenses (mortgage/rent, food, utility bills, etc.). Once agreed negotiations will take place with your lenders to try to agree on a repayment plan, you simply make a single monthly payment and a distributions is agreed.

All paperwork and phone calls are taken care of – and you’ll receive a regular statement, showing where you stand with your debts. Contact will be made regularly with your lenders to renegotiate, if your circumstances change.

How long will it take to pay off my debts?

This can vary, based on how much you owe and how much you can afford to pay each month once your essential costs (e.g. mortgage/rent, food and utility bills) have been covered.

It will take longer to repay your debts if you reduce the amount you pay each month, but your debts can be much easier to manage on a month-to-month basis.

We’ll aim to keep your payments affordable whilst helping you repay your debts in the shortest possible time.

What will I get with my debt management plan?

As well as your own dedicated expert taking care of your debt repayments, you can be offered the following benefits:

A scheduled repayment plan

All communications with your creditors taken care of

Regular updates and ongoing communication regarding your repayment programme

6 monthly review of your situation

What if I get paid weekly, four-weekly, fortnightly?

You can make your payments in line with how frequently you get paid, if you like. This won’t affect your programme at all. Your programme will be tailored to your individual circumstances.

Is debt management right for me?

A debt management plan might not be the best solution for everyone. In certain situations, some people may decide to go bankrupt or enter an IVA. We always advise that you speak to an expert, who will be happy to go through the available options.

Conditions apply. Repaying debt over a longer period may increase the total amount to be repaid. Your ability to obtain credit will be affected. Fees payable.
Calls may be recorded for training and quality purposes