Debt Management
At Debt Line we can provide a debt management plan to consolidate your existing debts into an easy, affordable, monthly repayment. We will negotiate a new monthly repayment that is both affordable to you and also acceptable to your creditors. The payment is also flexible, if your circumstances change, call us and we may be able to increase or decrease the payment to help you. The process will aim to reduce and eventually erase all outstanding debts. This is done through managing your assets and creditors better.
Debt management plans are available when your monthly outgoings are greater than your income and you cannot pay your creditors.
What we would then aim to do is:
- Reduce your monthly repayments to a single, lower, amount
- Share it amongst your creditors
- Freeze all interest charges on your debts
- Stop further action against you
- Shorten your existing payment period
Our debt management plans work for you, not for your creditors, they are tailored to your disposable income, ie the amount of money each month you can comfortably afford to pay. Once the plan has been worked out the money paid each month will be distributed between your creditors. After joining Debt Line we will deal with your creditors directly, rather than them dealing with you. This should relieve some of the stress you have because of your debts.
If debt management is not the solution to your debt problems then there are other solutions available to you.