Find out if you qualify for debt management

Request a callback and find out if debt management is the right option for you, out of all the different choices available.

What solutions are available?
Complete the form and our friendly advisor will call you back to discuss the best way forward.


Do I qualify for debt management?

If you're struggling to repay unsecured debt, like credit cards, personal loans, store cards, overdrafts, catalogue debts or utility arrears, you could qualify for debt management. You'll also need a disposable income to be able to pay towards your debts.

You'll pay using any money you have left over after paying for all of your monthly household essentials like food, clothing and rent. Lenders will want to see you are repaying as much as you can reasonably afford.

This makes your payments a balancing act between keeping them low enough so they are affordable and high enough so that you are getting debt free as quickly as you can.

You can fill in our form at the top of the page to see if debt management could be the best way for you to clear your unsecured debts.

What if I don't qualify?

If your debt is very large and you can't repay it within a reasonable amount of time with a debt management plan, then insolvency could be an alternative. We can provide formal insolvency arrangements if that's what you need. This could lead to some (or even all) of your debt being written off. There are many pros and cons of entering into an Insolvency debt solution which can be found here.

If you can comfortably afford your repayments at the moment, then you wouldn't qualify for debt management.

We wouldn't recommend debt management if you're not struggling, because lenders won't accept lower payments unless you actually can't afford your original payments. Plus, lowering your repayments does affect your credit record for up to six years - which can make it difficult or more expensive to obtain credit. So, we only recommend debt management for people who really need debt help. Lowering your repayments will also take you longer to repay the full amount.

More information and reading

The debt experts at Gregory Pennington have written guides to do with everything that happens on a debt management plan, so you know what to expect.

Visit our Help Centre to find out more about debt management plans, the other debt solutions available to you, and what you could expect, or take a look at our Frequently Asked Questions page.

About us

We've been helping people get out of debt for almost 20 years. Read more about what we do and the charities we support.

Read more
Fees & key info

Read more about the fees involved with each of the solutions we provide.

Download the Insolvency Service guide to dealing with creditors.

Read here for information about our Complaints Procedure and referring a complaint to the Financial Ombudsman Service.

Conditions Apply. Repaying your debt over a longer period of time can increase the total amount to be repaid. Your ability to obtain credit will be affected. Fees are payable when continuing service is provided.
Customers' stories
Mr M.D.Somerset

"Everyone I've dealt with has been practical, helpful, calm, non-judgemental and efficient. I'd recommend this service to anyone."

Ms C.I.London

"They took all the worries of dealing with phone calls and letters away from me and kept me informed of what was going where."

Mrs K.H.Norfolk

"From start to finish I felt as though I mattered. My case was dealt with care. I would definitely recommend your services."

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