A Debt Management Programme is a fairly straight forward solution for those who choose it.
The process is quite simple.
First, an adviser contacts you to discuss the details of your present financial circumstances and with your help will complete a statement of income and expenditure.
The adviser then lets you know what reduced monthly payment he considers affordable given your situation to ensure that you continue to have enough money left over to cover your living expenses.
Next, the adviser sends you a written confirmation of your discussion with them which includes the details of the affordable monthly payment. Once you respond with the signed authorisation and your first reduced monthly payment, this is then presented to your creditors.
A negotiation team arranges with each creditor to decide how much they will send on your behalf each month. The creditors understand it is better to accept a smaller monthly payment instead of pushing for monthly payments they know you cannot afford.
Debt Management Programmes apply only to those who have 2 or more unsecured debts.
Complete the form if you require more information.
There is no charge for any information on this web site
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