Debt Management is the process where you may choose to negotiate directly with your creditors to settle your debts.
If you only have one or two creditors we recommend that you first approach your creditors directly and try to negotiate an informal payment arrangement. If you have more than two creditors negotiating an informal arrangement may be more difficult and you may need to consider a formal arrangement with your creditors like a Debt Agreement or a Personal Insolvency Agreement. A Debt Agreement or a Personal Insolvency Agreement will bind all creditors to the arrangement.
Typically creditors may consider an informal arrangement over 12 to 24 months. If you need more than 24 months to pay your unsecured debts, you may be insolvent and you may need to consider a formal arrangement like a Debt Agreement or a Personal Insolvency Agreement.
We can help you prepare a budget to see how long you need to repay your debt. and you will pay us an amount each month which we will pay to your creditors on your behalf.
Call today or apply on-line to see which product is appropriate for your circumstances. We’ll discuss your finances in a strictly confidential and professional manner. Our debt advice professionals are ready to help you today and our service is without obligation.
Debt Solutions
6/02/09