Pros & Cons of Debt Management

A Debt Management Plan is a long term financial commitment helping you to control your cash flow with one low monthly payment.

Below is a list of the basic pros and cons of debt management, but please speak to one of our expert Debt Helpline advisors on 0800 0481 778 who will be able to give you specialist debt help about our debt management plans.

Debt Management Pros:

• An affordable payment, based on your circumstances.
• Only one monthly payment.
• An informal arrangement allowing more flexibility.
• We will deal with creditors calls and letter on your behalf.
• Creditors may freeze interest and charges.

Debt Management Cons:

• Creditors do not have to legally accept your offer.
• It will take you longer to repay your debt.
• A Debt Management Plan will damage your credit rating.

To discuss the pros and cons of debt management further, please fill out your details in the Quick Enquiry Form so we can give you a free callback.