What is debt management ? | No.1 Debt Management

What is debt management ?

Debt Management is a system to help those in debt become debt free. Our Debt Management Plan is a simple, systematic way of dealing with your debts.

Our clients pay us a single, monthly fee and we then distribute this between each of their creditors. This means all their debts are consolidated into one single, affordable payment. Not only are they consolidated into one monthly payment, in almost all cases we can reduce the total amount they pay each month by up to 75%. This is due to the fact that their creditors know they have a debt management company working on their behalf and we can work to get the creditors to lower or freeze their interest rates. Also, they no longer have the stress of dealing with their creditors; we do it for them!

The simple payment they pay is based on their income and expenditure. This means that legitimate living expenses such as mortgage, phone and food are removed from their income so they only pay what they can afford.

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