There are several debt help options available when you seek debt help from Chiltern. Amongst these debt help solutions is a debt management plan which can be the ideal way of turning your loan, credit card, store card and overdraft payments into one affordable, single monthly payment, helping you to pay off what you owe – and get on with your life.
Debt management is an effective way for people with financial problems to become free from their financial burden. Usually if a person is struggling with their finances they will often owe money to various creditors, which can make keeping up-to-date on payments complicated. Debt help from Chiltern is designed to help people reduce their repayments, which can be achieved by spreading payments over a longer period of time, thus making them more manageable. Our debt advice is free.
When developing your debt management plan one of our professional advisers will calculate the amount you can realistically afford to pay to creditors after your priority payments (i.e. mortgage, utility bills, council tax and other living expenses) have been accounted for. Any money left over after your priority payments have been covered is classed as your ‘disposable income’. The adviser will also offer free debt advice regarding your finances and recommend a debt help solution if one is suitable for you. If you decide that a debt management plan is the right option for you we will then distribute any available money (after priority payments have been covered) to your creditors on your behalf. Our debt help is tailored to your needs and our debt advice is free.
Benefits of Debt Management from Chiltern
If you’re struggling with your finances then debt management from Chiltern has many benefits as we act on your behalf and try to negotiate reduced payments with your creditors. Creditors may also agree to totally freeze or reduce the amount of interest being charged on your accounts when you use Chiltern for debt management. The debt help from Chiltern also takes the stress out of dealing with your creditors as any letters or phone calls from them can be re-directed to us and we will deal with them for you. In certain cases the debt advice and debt help plans Chiltern provides can help avoid bankruptcy and stop creditors from taking legal proceedings against you.
Although Chiltern cannot guarantee a reduction in interest and charges during the debt management plan we have developed, over the years we have been operating, a strong relationship with creditors which often results in those reductions being granted.
Complete the form on the right and one of our advisors/counsellors will provide FREE expert debt advice. To talk to an advisor, for immediate debt help, call FREE on 0800 043 2332.