How we negotiate with your lenders
Many people find it difficult to speak to their lenders when they get into trouble; particularly if there have been problems in the past. That's where we come in.
Although lenders aren't legally obliged to accept our reduced payment offer they'll have the reassurance that, because you're on a debt management plan, you'll get all the help you need to pay off your debt reliably, rather than committing to an amount you cannot afford.
Did you know?
We have almost 20 years' experience providing debt management plans.
With excellent working relationships with all the major lenders your debt management plan stands every chance of succeeding.
How we negotiate your proposal
- First we'll show them how much money you have available after all priority debts like your rent/mortgage, food, travel and other costs are taken out. That way we can show that reducing payments (and freezing interest and charges) is the best way forward.
- Next we'll look at what you have available to pay the monthly cost of any loans, overdrafts and credit and store cards and any other ‘unsecured' debts (so called because they aren't secured against your home).
- Next we'll agree new, lower repayment plans with each of your lenders by splitting what you have available between them on a pro- rata basis.
Need expert help with your debts?
Try our debt solution finderFind your solution
- 0800 161 3516
- 0161 605 4824