Debt Management Plans : FAQ
Your questions answered about debt management plans. Such as how we deal with companies you owe money to, how we can help you manage your debts, credit cards and loans.
To have your questions answered in person, call our friendly debt management professionals on 0800 077 8911
- Will I be taking out a new loan to clear my other debts?
- How does it work?
- Will you be dealing with every company I owe money to?
- Will my creditors/lenders definitely accept your proposed plan?
- Will I have to pay for longer due to the reduced payments involved?
- What happens if I fail to make a payment?
- How will I keep up to date with progress?
- Can I deal with my creditors myself whilst in the plan?
- What do I pay the fees for?
- Will I be charged if I change my mind?
- Should I stop all of my direct debits and standing orders now?
- When will my plan be reviewed?
- How long will my plan last?
- Are there alternatives?
Complete this short form and our debt advisors will contact you.
Every effort will be made to encourage your creditors to freeze interest and other charges. Please note that if your creditors refuse to freeze interest, paying the same debts over a longer period of time will increase the total amount to be paid.
DebtMatters Ltd. Registered Office: Mansell House, Horwich, Bolton BL6 6QQ.