This involves your appointing debt management services Company to negotiate with your creditors. These Companies are skilled in knowing exactly what powers your creditors have in law.
By using their skills and knowledge, they can often persuade your creditors to accept lower monthly repayments. Sometimes they are able to get the interest frozen on certain accounts. If your creditors agree to their proposals, your creditor are all paid monthly on a strict pro-rata basis to the debt each is owed. This is why it is absolutely crucial that you list all your debts carefully at the outset. Once you have submitted the form below we shall contact our debt management services consultants who will then contact you directly, discuss your case with you and arrange to send you their application form.

This is required, and unfortunately cannot be done via the Internet, because you need to complete and sign their form, authorising our debt management services consultants to act upon your behalf. Once in receipt of your completed and signed application form they will commence to contact each of your creditors to discuss your outstanding debt(s) with them. As a rough rule of thumb they will seek to reduce your monthly repayments by around 50%. A debt management program will sometimes increase the period of time that the debt remains outstanding, but should immediately facilitate your monthly repayments - making life a little easier.

You are strongly advised to read our FAQs to more fully understand how this debt management service may affect you. Click here to visit this page.

It should be noted that any reduction in your monthly repayments may extend the total time period for repayment and also the total amount eventually repaid to your creditors.

Although the use of Debt Management program normally stops creditors persuing their debts from you directly, they do retain the legal right to issue default notices and commence litigation proceedings against you for the recovery of monies owed to them.