Struggling with debt

How to reduce your debt

If you have large debts, a debt management plan could be the best way to get your finances back on track. A debt management plan is an informal agreement between you and your creditors, where we request they accept lower monthly payments that are more realistically suited to your financial circumstances. Lenders may also be willing to freeze any interest and charges you have on your debts.

Advantages of a debt management plan include:

•  it is unique, a debt management plan is tailored to suit your specific needs and will take into account your financial situation including your level of income and monthly essential expenditure

•  a debt management plan does not require you to take out additional credit

• with a debtsmart debt management plan, a Financial Solutions Advisor will be employed on your behalf, who can provide no obligation debt management advice

• as well as providing debt management advice, your Financial Solutions Advisor will also conduct a comprehensive assessment of your financial circumstances and work out exactly how much you can pay towards your finances each month

• your Financial Solutions Advisor will be available to provide debt advice and assistance whenever you need it

If you are struggling with large debts, get in touch today with one of our Financial Solutions Advisors who will be able to provide you with practical debt assistance and no obligation debt management advice. Not free to talk now? Request a call-back and one of our Financial Solutions Advisors will give you a call-back at a time convenient to you. Get in touch today!