Association With Debt Management Firms
Debt Management Professionals
We have developed an association with debt management professionals to assist with all kinds of debt management problems.
Financial debts can create a massive burden of pressure, causing many of those owing money to have difficulty managing their repayments. This can lead to an endless downward spiral of increasing debts and no way out.
A debt management plan may suit you if:
- You have unsecured debts that are becoming difficult or impossible to pay.
- You have plenty of equity in your property, but you’re not interested in remortgaging or taking out a second loan.
- You would prefer to keep your family, friends and neighbours from finding out about your debts.
- You would like some help in managing your debts from our association of debt management members.
Our association with debt management professionals will look to guide you free from debt (subject to terms and conditions) and provide a structured route to financial stability. If you have unsecured loans and a form of income, a debt repayment plan can be set up so that your repayments are made to suit your requirements. We will even try to negotiate with your creditors to lower the interest on repayments.
IVA
If you fail to qualify for a debt management plan because your creditors (people you owe money to) refuse to accept a debt management plan, you may need to agree to an IVA (Individual Voluntary Agreement) with your creditors.
IVA’s are required to be completed in the presence of a licensed insolvency practitioner, due to the legally binding agreements involved.
Bankruptcy
Failure to find and income source from anywhere may result in you seeking a bankruptcy order. Unemployment is often the cause of bankruptcy, as the debtor cannot find a means to pay their debts. Declaring bankruptcy has its pros and cons; it will completely erase all debts and allow you to be free from the pressure that has mounted, but there are some serious, long-term implications. All personal possessions, property and investments will need to be sold in order to evenly distribute to all creditors.
Money Advice Direct is an established provider of confidential and non-judgemental debt advice in the UK on serious debt problems. Whatever solution we recommend, honest, best advice is available 24 hours a day, 365 days per year. If you are in debt call us without obligation today on 0800 074 6918 or apply for debt help online.
Listed below are some of the frequently asked questions on Debt Management Plans
- How do I know whether a Debt Management Plan is right for me?
- What are the advantages of a Debt Management Plan?
- What are the disadvantages of a Debt Management Plan?
- Is a Debt Management Plan a type of loan?
- How long will I have to pay a Debt Management Plan before I am debt free?
- How much does a Debt Management Plan cost?
- How much money will actually go to the companies I owe money to under a Debt Management Plan?
- How do I make the payments?
- If I have a change of circumstance can I stop the Debt Management Plan?
- Who tells the companies I owe money to that I am actually in a Debt Management Plan?
- Will the companies I owe money actually accept a a Debt Management Plan?
- How a will Debt Management Plan affect my credit status with Experian, Equifax and Callcredit, the three main credit reference agencies
- Will a Debt Management Plan stop all the companies that I owe money to constantly telephoning me and sending me letters?
- Will I receive a regular report to inform me that my debts are actually going down?
- After the Debt Management Plan is set will I receive be able to get any additional help and advice?
- After the Debt Management Plan is set up can I still use a credit card or apply for car finance if I budget for it?
- Once the Debt Management Plan has been set up does it mean that I will have to keep paying interest and bank charges?
- Can I include secured loans in a Debt Management Plan, such as car finance or mortgage?
- Can the companies that I owe money to threaten to take my house or flat once that I am in a Debt Management Plan?
- Can I include all my debts in a Debt Management Plan?
- Debt Management Programme
- DWP Debt Management
- Credit Card Debt Management
- Advanced Debt Management Plans
- About Card Debt Management
- Advanced Debt Management Solutions
- Association of Debt Management
- Best Debt Management
- Budget Right Debt Management
- Christian Debt Management
- Consumer Debt Management
- Debt Management can help you make a clear start with your debts
- Credit Card Management
- Debt Collection Agency Advice
- Debt on Credit Card
- Debt Management Advice
- Debt Management Agencies
- Debt Management Agency
- Debt Management Articles
- Debt Management Associates
- Debt Management Centre
- Debt Management Companies UK
- Debt Management Company
- Debt Management Consultants
- Debt Management Corp
- Debt Management Corporation
- Debt Management advice
- Debt Management Credit advice
- Debt Management Group
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
[more...]
DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]