How does a Debt Management Plan work?
The process of a Debt Management Plan is simple:
At DEBTPLAN Direct™ we simply help to sort out your debt. Debt consolidation and debt management solutions can help relieve the stress of debt giving you peace of mind. When we speak to our clients we realise that owing money to many lenders is a scary situation to be in and it is easy to bury your head in the sand, ignoring the problem, hoping one day it will go away. The longer you wait to deal with your debt problems, the deeper the problem becomes and the consequences of not paying your debt also get worse as your lenders will think you have no intention of paying your debt so will take further legal action to get their money back.
Don’t wait any longer and don’t live in denial: take a positive step and call a friendly trained debt adviser now on 01494 546 088.
- Whilst our negotiations are underway some lenders may continue to charge interest and other collections charges. We cannot always stop these additional charges during the negotiation period but these will be paid off as part of your debt management plan.
- Whilst we request your creditors to put a freeze on your accounts whilst we set up your plan you may incur charges as a result of missing payments.
- Creditors do not have to agree to freeze interest and charges.
- By starting a debt management plan the total amount repaid and the repayment period may BOTH increase.
- Whilst entering into a DMP can adversely affect your credit rating it is our experience that those who approach us already have an impaired credit record due to previous missed payments. However by starting a DMP you will show to your creidotrs you have the intent to repay your debt. By entering into a DMP you will be showing your creditors that.
- Remember, you are not obliged to enter a debt solution with DEBTPLAN Direct. If you do, and you change your mind, you have a right to cancel your agreement with us at any time. We offer a 7 working day cooling off period after accepting our terms of business, unless you have elected to waive this so that we can immediately deliver the service and start negotiating with your creditors.
