A Debt Management Company could help you pay off your debts

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 an organisation that does not depend on funding from lenders or banks, 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 FAQs

• 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.

More debt FAQs