Debt Management can put your mind at ease

One of the worst aspects about having serious debts is the feeling of being out of control. Debt Management can be a way of putting you back in control of your finances. But you should check first whether an IVA or another option may be more appropriate. You can do this free by calling the Debt Advice Trust.

As a registered not for profit organisation, we’ll ensure you only get honest, impartial advice. If your debts are not too large and you have a regular income, then Debt Management could be an option for you. This involves you paying a regular amount each month to a company who handle negotiated repayments to your creditors, usually over a longer period and with lower repayments.

Take control of your debts

Regardless of what the right solution is for you to clear your debts, we're here to ensure you are fully advised about all your possible options - from IVA to loans, so that you can make the right decision that best suits your individual situation.

How large are your debts?

In advising you on the appropriateness of management plans, we'll need to know how large your debts are and whether you have a regular income. If you have serious debts, it's possible that an IVA or bankruptcy will be more appropriate.

Debt management FAQ's

• Q: Does Debt Management still pay off all my debts?

  A: Yes it does, but it usually takes longer as the new payments with your management plan will be lower than your current monthly repayments.

• Q: Will my creditors agree to Debt Management?

  A: That's up to your debt management company to negotiate. But if it looks like this is the only way your creditors will get their money, then they will probably agree.

More debt FAQ's