What Is The Debt Management Company?

The Debt Management Company is a company which operates an informal agreement negotiated on your behalf with your creditors.

The aim of a Debt Management plan is to help you clear your debts at a reduced payment level over a fixed period of time and to help you make a fresh start with your finances.

Who can debt management help?

If you are unable to pay all of your debt repayments each month, but are able to pay some, debt management can help you.

Debt Management involves a non-legal agreement. This means ...

	There is no fixed term contract.
	It does not involve expensive solicitors and insolvency practitioners.
	It allows for flexibility of payments.
	Because it is an informal arrangement you can cancel at any time.

What can you expect from us

When you call Credit Repair UK you can expect to talk to one of our experienced and knowledgeable debt advisers who will listen to your difficulties without passing judgement and make a recommendation based on your circumstances.

How does debt management work?

Here is a step by step guide.

	Your Credit \repair UK debt adviser will help you to carry out an assessment of your financial situation and debts. This information is used to calculate how much you can "comfortably afford" to pay each month out of your surplus income.
	Once this amount has been agreed with you, Credit Repair UK approach your creditors to negotiate for reduced payments. Most creditors are happy to agree because they know from experience that offers from debt management companies are usually fair and realistic.
	You then make a single monthly payment to Credit Repair UK via a Standing Order which is distributed to your creditors.
	Throughout the duration of your Debt Management Plan you can contact Credit Repair UK at any time if you are experiencing difficulties. If your financial situation changes, we have the flexibility to be able to renegotiate payments on your behalf.
	Your Debt Management Plan will be reviewed at regular 3 monthly intervals to check that it still meets your circumstances and any adjustments can be made.
	The plan will continue until your debts are cleared or until you wish to voluntarily end the agreement