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| Debt Management
- Do you have debt problems?
- Have you been refused a loan?
- Are you struggling to meet your monthly payments?
Then it is possible to consolidate all your debts into one affordable monthly payment without further borrowing with an Informal Debt Arrangement (IDA).
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Debt Management Plans (also known as Informal Debt Arrangements) are an informal agreement between you and your creditors. It will enable you to repay all your debts with ONE MONTHLY REPAYMENT that you agree with your creditors that you can SENSIBLY AFFORD. Solution Remortgages have a wealth of experience in this industry and have built up great relationships with creditors, this in turn means that they like to speak to us on your behalf. Solution Remortgages will take all the stress and pressure from you and negotiate 1 affordable monthly payment on your behalf, we may even be able to negotiate freezing the interest on your loans.
An "informal agreement" means that the plan is not legally binding and can be renegotiated throughout the life of the plan if your circumstances change. Our Team will review your Plan every 6-months and assess whether to renegotiate on your behalf.
To find out more about Debt Management plans FREEPHONE 0800 520 0315 for FREE, NO OBLIGATION DEBT ADVICE or apply using our quick form on the left.
| An IDA will allow you to make repayments to your creditors in one low monthly payment at a cost you can realistically afford. You make one affordable payment to us, which we distribute to your creditors (the companies you own money to). |
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In contrast to an IVA, which is a legally binding contract between you and your creditors, debt management is an informal agreement with your unsecured creditors and is most suitable for those with lower debts, between 3,000 to 15,000. Our specialist advisors can help you further to see if you are suitable. Call FREE 0800 520 0315 for FREE, NO OBLIGATION DEBT ADVICE.
A debt management plan will not offer you the same level of protection from your creditors, but it allows you far greater flexibility.
We will negotiate with your creditors to reduce or freeze any interest or charges on your debts, although we cannot guarantee this. But what we can guarantee is that you will have the flexibility to change your payment plan should your personal circumstances change.
If you are having serious debt problems, unable to keep up on any minimum payments and have more than 15,000 of unsecured debt, then an IVA could help you to avoid bankruptcy.
Benefits of an Informal Debt Arrangement :- Allow you to regain financial control as you repay what you can afford.
- One low affordable monthly payment which is distributed fairly to your creditors,
- We will negotiate with your creditors to freeze Interest and charges, but this cannot be guaranteed.
- No need to worry about creditor calls or letters.
- You only pay what you can afford.
Why Use Our Service?
We are part of one the largest and longest established debt management companies in the UK. We have helped over 80,000 people find a solution to their debt worries.
For more information and no-obligation help, please call our free phone number on 0800 520 0315 for FREE, NO OBLIGATION DEBT ADVICE, or fill in your details in the Quick Enquiry Form and we will call you back.
If
you want to hear more about how an Informal Debt Arrangement can work for you, or whether
you would be suitable for an Informal Debt Arrangement, simply call our expert advisors on 0800 520 0315
quote ref 1533, or fill in the
Mortgage Wizard to see what other solutions are available to you. |
