Debt Management Services - the right Debt Management Scheme for you?

Managing debt can be difficult at the best of times. Using Debt management Services is a way of getting a professional Debt Management Company to handle your debts for you whilst you simply pay them one regular monthly repayment. But call the Debt Advice Trust first to check whether an IVA or another debt solution may be a better option for you.

You can call us free and, as an organisation that does not depend on funding from lenders or banks, you can be sure of getting honest, impartial advice. We’ll provide an explanation of how Debt Management Services work and how your repayments will be lower, but for a longer period of time.

A way to consolidate debt

Whilst it’s true that Debt Management Services can be a good way of consolidating your debts and bringing down your monthly repayments, this debt solution only applies if your debts are relatively small. On the other hand, if your debts exceed £15,000, then an IVA or another debt solution is likely to be a better option.

Get advice first

If Debt Management Services sound like a good idea to you, do talk to the Debt Advice Trust first as we can help provide you with further details. We can also recommend a trustworthy Debt Management Company who can be relied upon to pay off your creditors.

Debt management FAQs

• Q: What do I have to tell my creditors?

  A: You don’t need to worry about that - your Debt Management Company will handle all negotiations with your creditors.

• Q: How best can I weigh up all my options?

  A: That’s exactly why we’re here. Our expert Debt Counsellors can ensure you’re fully advised about the various debt solutions open to you so that you can make an informed choice.

More debt FAQs