If you have been Refused A Loan in the past and have unsecured debt which is unaffordable, then you need to consider your options.
Debt Management is a debt repayment plan where you pay a reduced monthly amount which we will distribute between your creditors. For more information please contact us free on 0800 048 1769.
You are employed. A Debt Management Plan requires that you make a monthly payment to your debt, this means that you need to be employed or have a regular source of income.
Unsecured debt over £5,000. Unsecured debt includes credit cards, store cards and overdrafts. You should get an up-to-date balance from your creditors as you might be surprised at how much your debt has grown with any interest and charges.
You cannot afford your debts. If you feel as though you struggle with your monthly payments then you are classed as insolvent. This means you should consider how a debt management plan can work for you.