A Debt Management Plan is an informal agreement between the debtor and their creditors. This type of plan offers the debtor to make a reduced payments to their debt. The debtor makes one low payment to a debt management company, and the funds are evenly distributed.
If you find that you are struggling to make your monthly payments and you have been refused a loan in the past, then a debt management plan might be an ideal debt solution.
As it is an informal agreement, it allows you much more flexibility with your payments, so if your circumstances change then the plan can change accordingly.
For free advice and information about Debt Management Plan, call Refused A Loan free on 0808 131 9104.
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.