How a Debt Management Plan from DebtMatters can Help You

A debt management plan is not a loan. It is an informal agreement between you and your unsecured creditors, the people you borrowed from, enabling you to consolidate your unsecured debt repayments. Unsecured debts includes credit cards, store cards, unsecured personal loans and bank overdraft. These can all be included in your debt management plan.

When we put together your debt management plan, we will look at your finances and calculate how much you can afford to repay each month and this is all you will pay. We will agree with your creditors for you to make just one, low, affordable monthly payment to us, which we will distribute fairly amongst your creditors. In this way, we effectively become a ‘buffer’ between you and your creditors, who should then contact us regarding your debts rather than contacting you directly, thereby reducing the stress of debt.

Advantages of a Debt Management Plan

Your Debt Management Plan will make your unsecured debts more affordable, ensure that you have a reasonable standard of living and protect your mortgage or rent payments.
Below are some of the benefits you can enjoy with a Debt Management Plan from DebtMatters

• Affordable – you only pay what you can afford
• One monthly payment – you avoid having to remember to make several payments
• Flexible – the agreement can be changed if your circumstances change
• Protect your home – you’ll find rent and mortgage easier to pay
• Freeze interest & charges – although not guaranteed we are often successful in preventing your debts increasing
• Stop creditors chasing you – you can relax at last
• Reduce stress – as we will deal with any phone calls or letters from your creditors
• Avoid – legal insolvency procedures

What to do Now

• Call our friendly Debt Management team on 0800 077 8911
• Click here to apply for your debt management plan online