Debt Management in the UK

Debt management started in the UK in the early nineties in response to the increased demand for debt advice. As mortgage and loan repayments increased sharply, following the economy’s hangover from the late eighties many people found themselves with less disposable income and in need of impartial debt advice regarding debt help solutions.

Poor financial education and money management from consumers, coupled with banks reckless lending by the banks, resulted in many people being over-committed and unable to keep up their minimum payments to their creditors. People needed debt advice but didn’t know where to turn or who could help them.

Debt management was developed to provide a debt help solution to consumers, by negotiating with creditors to accept payments at a more affordable and realistic rate for borrowers.

Debt management was formed to provide an effective way for people with financial problems to become free from debts. There are several debt help options available, amongst which 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 pay off what you owe – and get on with your life.

For free debt advice complete the form on the right and an adviser will contact you shortly. To talk to an adviser, for immediate debt help, call FREE on 0800 043 2332.

Important Information About Our Service & Fees

Whilst we strive in all cases to negotiate the best deal with your creditors, we cannot guarantee a reduction in interest or charges. Also as one of the largest providers of debt management solutions in the UK, we are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. We aim to keep these fees as low as possible and believe that we are very competitively priced. View more detailed information on our fees including examples for each product here.

Further Additional Information

• What if I decide that I don't want to go ahead?
• Will my credit rating be affected?

The insolvency service has produced a guide for people who are struggling with debt, which outlines each of the available solutions.

If an IVA is not maintained it could lead to bankruptcy.