Debt Management
A debt management
plan /
programme can be used to solve most problems you may have with your
unsecured debts.
It is an informal arrangement that is
suitable if you do not have very significant debts, do not have a
very high disposable income, or you expect that your circumstances
may change in the near future.
The advantages
of this plan are:
-
You make
one affordable payment each
month to us, which we will distribute to your
creditors on your behalf.
-
We will
negotiate to try to reduce or
freeze any interest or other charges on your
debts, although we cannot guarantee this.
-
Your plan is fully
flexible and can be changed at
any time to suit your changing circumstances and
needs.
-
You can
cancel your plan at any
time with no penalty to yourself.
We keep your plan under regular review
and, if we believe that a better solution has become available, we
will tell you about it. Then you can make an informed choice about
what you want to do.
