If you’re struggling to find a way to pay off your debts, then finding a Debt Management Company may be the answer. But you’ll first need to sure that an IVA or another debt solution may yet be a better route to take. Why not call the Debt Advice Trust free today to find out more.
As a not for profit organisation, we’ll not only give you expert, impartial advice, but, if we believe debt management is suitable for you, we can also recommend where you can find a trustworthy and reliable Debt Management Company.
A matter of trust
With debt management, you will pay your Debt Management Company a lower amount than your normal debt repayments and will trust them to handle the payments (usually over a longer period) to your creditors. So it’s vital you choose a Debt Management Company you can trust. So whatever you do, talk to us first.
Paying off debt
Using a Debt Management Company can be an option if your debts aren’t too large and you have regular income. But it will usually take a lot longer to pay off your debts as your new repayments to the Debt Management Company will be lower.
Debt Management Company FAQ's
- Q: Will the Debt Advice Trust recommend a trustworthy Debt Management Company?
A: If we truly believe that debt management is your best way forward, then we will certainly introduce you to the most appropriate provider who we can also vouch for.
- Q: Do I need to talk to my creditors about my intention to use debt management?
A: No, your Debt Management Company will handle all those details. All you have to do is ensure you can meet the regular repayments you will agree to with the company.
