Debt Plan Direct provide free debt management services working with various different organisations from financial services companies to government-licensed organisations to develop debt models to understand and advise individuals on their most appropriate debt solution for the various unique circumstances; backed up by the experience of each advisor of having helped hundreds of individuals in varying circumstances.
The debt services we offer start with an initial informal conversation we will establish your basic overall financial circumstances, such as the total amount of debt owed, and whether you are a private tenant or a homeowner. From this conversation we can rule out other possible alternatives or identify what further information is required.
A fuller understating is then achieved once the options are narrowed down via a simple fact-finding exercise in which the following will be established:
- List of debts, the amounts and to whom money is owed
- Details of any property, mortgage and further borrowing
- Monthly income, after tax including any benefit entitlement
- Monthly expenditure - your basic living costs
A recommendation on the best option with the pros and cons can then be made based on this information. This is also an opportunity to ask any questions about what is being recommended, how it works, and what other implications there are. There are various alternatives including consolidation, Debt Management Plans (DMP's), Individual Voluntary Arrangements (IVA's), and even Bankruptcy.
Should the individual then want to continue with a solution, the Debt Plan Direct advisor can use the information collected to complete an application form for the appropriate solution.
Whether you want advice about debt management services, your existing situation or monthly budgeting guidance, our team of impartial debt counsellors will be able to help.
To talk to an advisor about the free debt service debt situation call 0845 055 8152 or complete the enquiry form.
Remember Debt Plan Direct provide a National Free Debt Advice Service
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