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Debt Management
Affordable Debt Management Plans
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If you are feeling overwhelmed by debt, a Debt Management Plan could be the answer. With a Debt Management Programme that is tailored to your personal circumstances you don’t need to worry about debt any more.
How Does It Work - Debt Management
A Debt Management Company will look at all of your outstanding debt as well as looking at your disposable budget to determine how much you can afford to pay off your debts each month. They will then get in contact with your creditors to negotiate on your behalf with a view to reaching agreement on a repayment schedule.
Because we deal through reputable Debt Management Companies, creditors are often willing to accept the monthly payment offered. This is because it gives them a degree of certainty regarding repayment of the debt. Settlement of the debt over an extended period is also preferable to them than no payment at all.
Once we have set up your Debt Management Plan, you will no longer have to deal with creditors and can forward all payment demands to your Debt Management Company.
Give us 5 minutes and we'll give you:
- Advice on all debt solutions that you may apply for
- If your debt can be written off
- Explain any interest or charges that can be frozen
- Honest, no obligation advice
Some solutions, such as a Debt Management Plan or an Individual Voluntary Arrangement involve costs when the plan is set up. These costs are there to cover the expenses and work undertaken on your behalf. You will always be told clearly about any costs upfront. Other solutions, such as a Bankruptcy incur costs which are payable to the Court; Debt Relief Orders incur costs which are payable to the Insolvency service.
Debt Direct is a trading name of Tatstar Limited. Tatstar holds a consumer credit license to offer debt counseling. Your enquiry will be passed to a selected third party who will contact you to discuss the most appropriate solution for your circumstances.