Debt Management Help & Advice debt-simple

Debt Management

What is Debt Management?

‘A Debt Management Plan is an arrangement between you and your creditors, negotiated by us on your behalf. It enables you to repay your unsecured debts with a regular affordable monthly repayment. ‘

Is a debt management plan right for me?

More than one creditor
Unsecured debts between £1000 - £15,000 (can be more)
Struggling with payments to creditors
Need to reduce monthly payments

Debt Management Explained

A debt management plan will look at your income and living expenses and using this information will establish a monthly payment which is realistic and affordable to put forward to your creditors, Debt Simple will negotiate these reduced payment plans with your creditors on your behalf.

Debt Simple makes every effort to have your interest rates and charges frozen, however this is dependent on your circumstances and at the creditors discretion.
Once you have agreed to the terms of the debt management plan, you will simply have to make a single monthly payment to Debt Simple, which we will then distribute amongst all your creditors on your behalf.

You do not have the stress of dealing with your creditors as Debt Simple will become the point of contact for your creditors, we will deal with all letters and phone calls on your behalf.

We place great importance and emphasis upon our personal service and believe this is the key to our successful Debt Management Plans. Upon your first contact with us you will be provided with your own personal debt advisor who will guide you through the plan.

Our Service

We will look at your income and essential living costs (mortgage/rent, utility bills etc) and work out an affordable monthly repayment.
We liaise with your creditors to lower payments and request that interest and charges are either frozen or reduced. This cannot be guaranteed as it is down to your creditors, your outstanding debt with them and your repayment history.
We deal with all letters, phone calls and payments. So you only have to deal with us.

Debt Management is an ideal solution without having to borrow any more money as this can sometimes make things worse. You can consolidate all your unsecured debts into one payment so it's easier for you to manage. It isn't legally binding so is flexible if your circumstances change.

Advantages of Debt Management Disadvantages of Debt Management