Start saving today with a personalised payment plan designed to fit comfortably within your budget. Say goodbye to overwhelming bills and hello to manageable monthly expenses!
Secure iron-clad protection from creditor actions the moment you sign up. Keep your assets safe—no more worries about losing your car or home!
Protect and enhance your credit standing. Completing our program can even help improve your credit score, setting you up for financial success in the future.
Forget the hassle of multiple payments. Make one single payment per month and we handle the rest, distributing it to all your creditors. It's convenience at its best!
Cut down on costs with negotiated lower interest rates. Less interest means more money in your pocket each month, leading to significant savings over time.
Benefit from ongoing support and financial advice from certified professionals. We're here to guide you every step of the way to a debt-free life.
Your financial affairs remain private with us. Enjoy the peace of mind that comes with knowing your situation is handled discreetly.
Once you join, all those stressful calls and letters stop. Creditors will deal directly with us, so you can relax and focus on what matters.
Feeling crushed by debt and endless bills? Imagine a life free from financial stress, where you have extra cash and peace of mind. Our program offers a streamlined solution to turn your dream of being debt-free into reality. With just one manageable monthly payment, you'll see your debts decrease and your credit score soar. Lenders will soon be competing for your business, offering you the best terms. Join us, and take the first step towards a brighter, financially secure future. Let’s tackle your debt together and restore your financial freedom!
What is debt management?
Debt management is a process where a financial expert helps you organize your debts. They work out a plan so you can pay what you can afford each month. It's meant to make your financial life more manageable without the extra stress.
Will debt management stop creditors from harassing me?
Yes, once you enter a debt management plan, all communication from your creditors will go through your debt advisor. This means no more stressful calls or threatening letters; you get peace of mind and space to breathe.
How does debt management affect my credit score?
Initially, your credit score might go down because you're paying less than originally agreed. However, as you keep up with your new payment plan, your score can improve because it shows you're taking control of your debts.
Can I apply for more credit while I'm under debt management?
No, during debt management, you cannot take out new credit. This is to ensure you focus on clearing your current debts and don't fall deeper into debt.
How long will I be on a debt management plan?
The duration depends on how much you owe and how much you can pay each month. It could take several years, but the exact time will be determined based on your specific financial situation.
What happens if I can't make a payment?
If you're struggling to make a payment, it's important to communicate this with your debt advisor as soon as possible. They can help negotiate with your creditors to maybe adjust your payment plan temporarily.
Are there fees involved with debt management?
Yes, there are usually fees involved, but they vary depending on who you work with. These fees cover the services of managing your debts, negotiating with creditors, and administering your payments.
Will all my debts be covered under debt management?
Most of your unsecured debts like credit cards, personal loans, and medical bills can be included. However, secured debts like a home mortgage or car loan usually aren't covered.
What’s the difference between debt management and bankruptcy?
Debt management is a less severe option where you still pay your debts but under more manageable terms. Bankruptcy is a legal status where you're declared unable to pay your debts, which can have more serious long-term effects on your financial status.
How do I start with debt management?
To start, you'll need to consult with a debt advisor who will assess your financial situation, help you create a budget, and discuss whether debt management is the best route for you. They will handle the negotiations and set everything up if you decide to proceed.