Debt management

A debt management plan allows you offer your creditors a pro-rata payment based on the available income you have after you have paid all your essential household outgoings.

Credit Hero can help you complete your budget planner which will enable is to offer your creditors a fair share of what you can afford to pay.

You will normally need to have available after your essential outgoings a minimum amount of £150.00, and we would expect that you owe money to at least three different creditors.

There are like most things advantages and disadvantages of debt management plans.  In many circumstances creditors will agree to freeze interest and charges to ensure the debt doesnt get bigger.  There are of course situations where your creditors will refuse to do this.  You plan is flexible so if your circumstances change you can increase you payments meaning your debt is repaid quicker.  As well as increasing payments you are also able to decrease them should your cicumstances worsen.

Credit Hero will deal with all your unsecured debt and liase directly with your creditors.  You make one simple payment to us and we will distribute your money within 5 days of receiving to the correct parties.

Entering into a debt management plan will effect your credit rating as lenders will record the information on your credit file.  This may mean than you find it difficult to obtain credit over the next six years.

In some circumstances the people whom you owe money to may still take court action against you.

It is very important that you contact us as early as possible, as by using Credit Hero we maybe able to put a debt management plan in place that your creditors are happy with.

Due to the years of experience our staff have dealing with debt for our customers we can help take the stress away and leave you to get on with your life.

All our dealings are confidential with out customers. To get debt help today complete the form below and one of our advisors will call you back.

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