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Debt Management Scotland

76 Helped Today! - 19/09/18

debt management Scotland

More and more people are finding themselves struggling to cope with debt, and can't find suitable advice to help recover. Coping with any debt can be hugely stressful not to mention expensive if you can't keep up with monthly payments, interest and fines.

Debt Management Scotland is here to help you by offering the best possible debt management advice and solution to help you get back on track. All advice given is tailored to your specific financial situation, which means you will always get the most appropriate debt solution for your needs.

By taking action and getting in touch today, we could help you:

  • Arrange more manageable monthly payments to cover all your current debts
  • Provide advice on writing off a significant amount of your debts
  • Cease the constant demands from creditors by diverting their attention away from you
  • Provide you with ongoing help and support throughout your debt programme
  • Try to arrange for interest and charges to be dropped on your behalf thus reducing your debt
  • Consolidate all your unsecured debts into one manageable payment

Table of contents

what is debt management

So what exactly is debt management?

As a basic definition, debt management is formulating an agreement or repayment plan with your creditors to repay any amounts owed in full but with reduced monthly payments over a longer period. Reduced, more manageable payments will help lower the stress of debt, however it will clearly take longer to repay your debt in full. It also doesn't include any secured loans you may have such as your mortgage payments.

By using professional services like ours, there is also the possibility of reducing your total debt. This can be achieved by the possibility of stopping interest charges, stopping penalties and even clearing debts in certain circumstances. This isn't a guarantee but often they agree it is within the interest of all parties to back down a little.

How can I apply for help?

Receiving your free debt management advice is as easy as completing the confidential form you can see on this page. We only need a few basic details to see if we can help you regain control of your finances. Once completed, an expert debt advisor will be in touch to explain to you the best options for your financial situation, and how you can get on top of your debt once and for all.

  1. Simply fill out the debt management advice form.
  2. Your situation is assessed and a tailored plan made.
  3. You receive free expert advice and information.
how to qualify for Scotland debt management

How do I qualify for Scotland debt management?

If you find yourself struggling to afford the monthly repayments form unsecured loans and you are repaying more than one lender then you will likely qualify for Scotland debt management services. It's important to remember that any mortgages or other secured loans are not covered by a debt management plan so need to be factored into your monthly repayments separately as you will need to pay these yourself.

You will also need a regular income to qualify for help in order to meet any new repayment amounts which may be negotiated for on your behalf. If you would like to find out instantly whether you qualify for debt help then simply complete the online form above with a few simple details. We aim to help all applicants, so no matter how many lenders you have, or how much debt you are in it is worth getting in touch to see how we can assist.

applying for Scotland debt help

What happens after I apply for help?

After you have completed our quick confidential online form you will be contacted by an authorised debt advisor who will discuss your situation in more detail. Your situation will be assessed to see if there are any suitable solutions available to you and your debt situation. If Debt Management is an appropriate solution for you, and you agree to proceed then you will be appointed a dedicated debt specialist who will begin your new service. You will need to provide some documentation such as identification, proof of debts and proof of income etc. With your permission your lenders will then be contacted and will be invited to negotiate for lower repayment amounts. We find that the majority of lenders welcome lower repayment rates rather than not getting any repayments at all so negotiations are often successful. You will be kept updated throughout the procedure and can contact your dedicated advisor direct should you have any queries.

Once your tailored debt plan is in place you will not have to speak to your creditors again as all correspondence will be directed to your debt management provider. Should you receive any written correspondence you can simply forward it on to us.

You will then simply make one consolidated payment every month, and your plan will be regularly reviewed to ensure it is still suitable for your needs. This is how thousands of people just like yourself have cleared their mounting debts the easy and convenient way.

debt management benefits

What are the benefits of debt management companies?

When you're struggling to cope with ever-increasing debt then finding the right solution can seem a daunting task. Debt management solutions provide a very real solution to getting back on track with your finances and when carried out effectively offer a number of key benefits to help you along the road to financial recovery:

Reduction in your monthly payments

Perhaps the key advantage of a debt management plan is that they typically result in a reduction in monthly debt repayments. Anything up to 80% can be achieved depending on your own individual circumstances. By consolidating all your unsecured loan repayments into one lower monthly fee you will immediately start to see the benefit of more manageable payment rates.

Consolidated debt repayments

When you're struggling to afford monthly repayments it can be made even more difficult if you have to organise several different debtors who all want paying on different dates. One key advantage of consolidating your outgoings is that you know exactly how much is coming out and on what date so you can plan the rest of your month around the payment date knowing that there are no more payments for unsecured loans to be made for the month. A direct debit setup will make the process even easier should you choose to set one up.

Stop penalty fees

Perhaps one of the most frustrating parts of being in debt is the constant supply of penalty notices and fees which only compound the problem. By arranging Scotland debt management solutions you may be able to waive these fees and penalty interest charges which should allow you to repay your debt far easier. Negotiations will be carried out on your behalf, and there is a good success rate in applying these changes to your accounts.

Become debt-free quicker

If a large reduction in your interest rates can be achieved then even though you are paying less each month with your consolidated debt repayments you should be able to pay off your outstanding debt sooner. It's impossible to predict how soon you could be debt-free as every case is different, so if you would like some guidance simply complete the short form at the top of the page.

Help your credit rating

When you enrol with a debt management company you could also be helping your credit rating. If you were to continue to miss payments and become further in debt then your credit rating would also decline. By agreeing to a debt management plan you could effectively freeze the decline in your credit rating providing you make the new lower payments on time. By completing your programme you will also make a further positive impact on your credit score.

Stopping problems escalating further

Perhaps one of the main advantages in debt management solutions is that by taking action now, you are preventing the problem from escalating which it inevitably will. It can be frustrating to find yourself stuck with debts that continue to grow, however knowing that the debt is not going to get any worse can provide added peace of mind. Regaining control of your debt can be the starting point to a far brighter financial future.

more about Scotland debt management

Want to know more about debt management?

There is a lot of information available from debt management companies online, but by far the easiest way to learn more about reducing your debt using professional help is to get in touch with us direct. We'll put you in contact with a confidential debt advisor who can answer any questions you may have regarding your current financial situation. If you would like to read a little more though, we've compiled some of the more frequently asked questions about Scotland debt management below:

Though it is often in the best interest of the lender to accept our proposal they are never actually obligated to accept. However having negotiated better rates for many years and for countless clients we are confident that a better solution can be found. If in the case that we don't think the new proposals benefit you we will either enter new negotiations or recommend an alternative approach to help you recover from your debt.
Yes. You will no longer be hassled by phonecalls from your lenders as we will be dealing with them direct. Should you receive any correspondence via the post then you can simply forward it on to us at the address provided. One of the first steps to financial freedom is removing the apprehension and anxiety caused by phone calls from lenders demanding money you simply don't have.
Not at all. This isn't a loan to cover all your other loans, rather a re-negotiation of your payment terms to make them more affordable to you and your current income. A debt consolidation loan requires you to lend more, debt management does not.
It is likely you will need to supply recent documents from any lenders detailing the current level of debt and the repayments rates (plus also your account numbers for your loan agreements). Also you will need to provide proof of your current level o income, and you will need to supply some form of identification which will be discussed during your evaluation.
A lot of individual factors will affect the duration of your debt repayment scheme such as the level of debt you are in, the interest rates that can be negotiated and the amount that you can pay back each month. Get in touch today to discuss your current situation and you can find out the options available to you in becoming debt-free.
The costs of a debt management service are normally absorbed into your monthly payment so you never actually have to pay a separate fee. This way you know that the monthly payment agreed is the only payment you need to make in connection with the debts involved. The cost percentage of your monthly figure goes towards the setting up, running and maintenance of your debt management plan as well as reviews, problem solving and distribution of payments to your lenders.
This is negotiable on a case-by-case basis so it's impossible to give a general answer. Your lenders are not obliged to freeze interest rates or cancel any charges but often it is in their best interests to meet us at a mutually beneficial level so that they can recoup as much of their loan as possible.
Yes you can still get debt help if you are retired however there may be a few considerations that differ such as your level of income and the repayment durations. Get in touch today to discuss how we can help with debt management into retirement.
Any time your start repaying debt and taking action you are making a positive step with regards to your credit rating. By ignoring debt your situation will continue to get worse and your credit score will decline. With a debt management agreement you may be paying off your debt for a longer period, but being debt-free at the end will undoubtedly be a huge positive for your credit rating.
All debt management solutions arranged are completely confidential between yourself, us and your lenders. No other parties are told of your financial situation leaving you free to tell whoever you like.

Useful resources for managing debt

If you want to see the options available to you and your individual debt situation then get in touch today with our simple online form. An expert debt advisor will take you through the options that can help you on the road to debt recovery. If you would like to do some additional reading on everything from coping with debt to the various option of paying off debt then we've selected some useful links for you below:

Simply complete the form at the top of the page to discuss the various Scotland debt solutions available today!

Other Scotland Services:

At www.Debt-Management-Site.com we do not give advice. On completion of our form, we will introduce you to one of our authorised debt solutions partners. We use the contact details you have given us on the form to make this introduction. A debt advisor will contact you by telephone. During that telephone call, the debt advisor will discuss your options in more detail. During this call, and other subsequent communications, you will be dealing with a debt solutions partner and not www.Debt-Management-Site.com. All solutions are subject to acceptance and eligibility. Further conditions will apply and calls are recorded for your protection. Initial advice is always free but, as commercial companies our partners do charge for on-going services. Debt Write off only applies on completion of the Insolvency Solution and details do appear on a public register. Full details will be discussed prior to entering into an agreement and alternative options may be offered, where considered to be in your best interest. Your ability to obtain credit will be affected for 6 years, even if the solution lasts for less and your assets and property could be at risk.

To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up by the Government to help people manage their money.

All debt solutions should be very carefully considered. www.Debt-Management-Site.com never charge for the advice we give you, but if you enter an Individual Voluntary Arrangement (IVA) or Debt Management Plan with one of our partner companies, then fees will apply and these are made clear by our advisors or in the documentation you receive. Retained payment may place you further into arrears. www.Debt-Management-Site.com partners all comply with the Financial Conduct Authority rules and principles of business and you have the right to a cooling off period of 14 days. It is likely that your ability to obtain credit will be affected for 6 years, even if the solution lasts for less.

© 2018 Debt Management Scotland
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