Debt Management Plans are suitable if you are struggling to meet monthly repayments, have been refused a loan and you are have mounting debt problems between £3,000 to £10,000.
A Debt Management Plan means that it is possible to consolidate all your debts into one affordable monthly payment, without any further borrowing. You will be able to make one low monthly repayment to your creditors which you can realistically afford.
A Debt Management Plan means that we would act as an intermediary between you and your creditors. Refused A Loan would negotiate with your creditors so that you can make lower payments to your debt, and try to freeze any future interest and charges.
The Plan is an informal agreement between the debtor and their creditors. As they are not legally binding, it offers you much more flexibility so your plan can change if your financial circumstances change.
If you are have over £15,00 of unsecured debt and are unable to keep up on your minimum payments, then an IVA could help you to avoid bankruptcy.
For more information please call our Refused A Loan debt advisors on our free phone number 0808 131 9104, or fill in your details in the Quick Enquiry Form so we can call you back.
RefusedALoan.co.uk is a trading name of Ask Finance Ltd, which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.