Personal debt is not an uncommon problem and contrary to how it might feel at times, you’re not alone in your struggle to make ends meet.
Managing your debts starts with understanding them. Ask yourself:-
– How much do I owe?
– How many and which creditors do I owe money to?
– How much income do I have each month?
– What are my monthly outgoings?
If you have reached a stage where you have more going out than coming in, you really should be seeking advice to find out how to move forward and resolve your debt problems.
That’s where MoneySolve comes in. You can speak to one of our experienced advisors without obligation.
There might be several options available to you, including:-
Informal Debt Management Plan
MoneySolve can assist in setting up an informal debt management programme (also known as a financial management programme) which will allow you to make affordable and realistically manageable repayments to your creditors. The repayments under a debt management plan will depend on your income, outgoings and your personal circumstances so you will only have to pay what you actually can afford to.
MoneySolve has a wealth of experience and expertise in arranging debt management programmes and negotiating with creditors.
With Debt Management plans there are fees payable for the duration of the plan and these are deducted from your monthly available payment to your creditors. Details of these can can be found via the the our services and fees section of the website.
Find the right way forward with your personal finance problems. Get in touch today.