Debt Management Plans
Debt Smart will provide you with a tailored Debt Management plan, designed to suit your specific needs. During our free initial, no obligation assessments we can establish whether you may also be eligible to reclaim payment protection insurance (PPI). If we can reclaim PPI and also unfair credit card charges, we will be able to significantly reduce your debt. There is a good chance that if you have a credit card or loan, you are paying for PPI without even knowing it.
Debt Smart can provide:
- A free financial assessment with no obligation
- A money management and claims service all in one
- A personal debt management plan, specifically tailored to suit you
- Proven debt reduction
By combining a PPI claim into your Debt Management plan, we can deliver a quicker and cheaper solution to repaying your debts.
If you are struggling to manage your finances, receiving letters and phone calls chasing money and your bills are getting on top of you, talk to us and we will have a Debt Management plan to suit you.
So what is a Debt Management plan?
A Debt Management plan from iSmart is an informal arrangement to repay outstanding unsecured debt to the companies you owe money. iSmart do all the legwork and take all the stress off your shoulders, we will structure a repayment schedule and talk to creditors on your behalf.
With iSmart you will have a dedicated personal manager to help assess all your monthly income and expenditure, from food, clothing and council tax to gas, electricity, travel and all other essential items. We will then work out what you can afford to pay your creditors each month – these are the companies you have unsecured debts with, such as credit cards, store cards, catalogue bills, overdrafts or any loans you have taken out, that are not secured on a property. By simply sending this payment to us monthly, we will forward the money on to all your creditors on your behalf.
What are the benefits of an iSmart Debt Management Plan?
- You will get a dedicated personal manager who will arrange and manage your payment plan. They will deal with all contact with your creditors on your behalf.
- Send all letters and correspondence from your creditors to us and we will deal with them for you, letting you get on with your life
- You make one monthly payment to iSmart and we will distribute this payment between your creditors on a pro-rata basis
- We will negotiate with your creditors requesting they freeze interest and charges on your accounts to stop your debts increasing further
- We can also claim back any mis-sold payment protection insurance and credit card charges for you, this will reduce your debt even further
- We will review your financial circumstances every six months and re-negotiate with your creditors if required
Think Smarter!
See how we can reduce your debt significantly by also claiming back unfair charges and mis-sold Payment Protection Insurance on your behalf. On average we can claim back £2200 for a loan insurance claim and £800 for a credit card insurance claim.