Debt Management Plan
Debt management plans are suitable for many people who may have overstretched themselves and are juggling debts each month to keep going. This may be due to a family crisis, job loss etc.
Warning signs are borrowing more to clear debts each month, clearing one credit card with another, increasing outstanding amounts.
A debt management counsellor will help you take control again. They will look at your income and outgoings and then help you decide how much you can afford to pay each month into the arrangement. They will then negotiate with your creditors on your behalf freezing interest charges and sometimes negotiating reduced amounts. You will not deal directly with your creditors – all calls and letters will be referred to the plan counsellors.
- One monthly payment
- Gets rid of all those letters and calls
- Clear budgeting help
- Ongoing support when required
Sovereign Financial Solutions can arrange for an adviser to contact you quickly for a chat. If you decide they can help you you will then receive a visit from a specially trained debt counsellor to get things moving and take the pressure off.
Don’t hide from the problem – Call us today and you could be on the way to a more relaxed life.
