Debt Management service information and advice. Website for people looking for debt management company. Questions, information and advice for people in financial difficulties. No upfront fees charge or costs:

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debt management  DEBT MANAGEMENT

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What is a Debt Management Plan ?debt management advice

A debt management plan is an informal arrangement between you and your creditors, where you make an affordable monthly payment to repay your unsecured debts. The first thing your Debt Management Service will do is take the pressure off you. That’s because we will:

Ø Distribute your single, affordable monthly repayment to your creditors on your behalf

Ø Speak to your creditors for you - once you are on a Debt Management Plan, any calls or letters demanding payments should cease

Ø Help with any queries about your plan and provide ongoing support through your dedicated personal adviser

Ø Negotiate with your creditors to, where possible, freeze interest levels and stop any further charges being applied

Ø Carry out regular reviews to ensure that your plan is the best solution for you, right until your debts are completely paid off. This may include consolidating your debts or remortgaging your home

debt management information  Debt Management Questions and answers

debt management process  How does the debt management process work ?

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Debt management information and advice

Use our debt management service for confidential and free advice on finding a solution to your financial difficulties. We specialise in clearing our customers’ unsecured debts through affordable monthly payments.

debt management quotationWe will allocate you a fully trained personal adviser. Their job is to talk through your current situation and devise a Debt Management Plan to help get you back on your feet.

We can help if -

Ø you have overstretched with credit cards, loans or overdrafts.
Ø your monthly expenditure now exceeds monthly income
Ø you are using credit cards to pay off other debts or to pay for items you previously bought with cash
Ø you have had a consolidation loan refused
Ø your circumstances have changed due to a divorce, separation, bereavement, loss of job or overtime
Ø you feel like no one is listening

 


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HOW THE DEBT MANAGEMENT PROCESS WORKS

We will take your call, explain Debt Management, and if relevant complete an income and expenditure review.

If we can assist you by reducing your monthly outgoings, we will send out an information pack, which will contain documentation for you to sign and return, including the authority forms allowing us to speak to your creditors.

Once you have received the pack, a dedicated Adviser will contact you to talk through the documentation, and answer any further questions you may have. From this point, you can then start referring any creditor calls or correspondence directly to us.

As soon as we receive your documentation we can start contacting your creditors to advise them that we are acting on you behalf.

Once we have obtained up to date balances for each item of credit, we shall be able to complete an accurate Income and Expenditure review, which will be issued to your creditors, along with a proposal for a ‘pro-rata’ payment, in line with what you can comfortably afford.

We shall liaise with your creditors to ensure that the proposal is accepted, and further interest and charges are frozen where possible.

Your creditors will receive the agreed monthly amount within 5 days of us receiving it from you. You may occasionally still receive creditor statements, but these will be for your information purposes only.

At anytime, you can contact us if you find that your circumstances have changed, and we will conduct an up to date review, and agree a different payment if necessary.  Alternatively, a review will be completed automatically every six months, to ensure that we are still providing you with the very best advice.

debt management plan advice and information  Return to main page    pay off debts  Get a quotation   

This website provides information and advice on debt management for people who have financial difficulties or payment problems and are finding it difficult to pay outstanding credit cards or unsecured loans or HP payments.  Arrears, CCJs, defaults no problem. 

We have information on debt management plans, the debt management application process, features of debt management and what debt management can be used for - debt consolidation, pay off loans, credit cards and store cards. If you are not sure of what to do next, please complete the enquiry form or call one of our qualified advisers who will give you advice on debt management.

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how much is Individual voluntary arrangements  Whether you're looking for a secured loan to consolidate your debts, a debt management plan to  freeze the interest on your current credit and stop charges, a remortgage to reduce your outgoings or make home improvements,   or an IVA to free you of all debt over 5 years, just call this number and one of our qualified advisers will be there to help you

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Benefits of using Complete Finance

» No employer references
» Income self declaration (self cert)
» Quick payout
» No upfront fees or costs
» Wide range of services - we also offer secured loans, IVA, debt management, unsecured loans
» Mortgages if you are in an IVA
» Mortgage if you are a discharged bankrupt
» Fast easy process


What is a self declaration or self cert mortgage ?

Self employed people can often be unable to prove income for a variety of reasons. A self certification mortgage , also known as a self declaration of income, self cert or self dec mortgage, lets self employed people state their income with proof. We do not currently offer self declaration of income on mortgages

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What happens in a debt management plan?

MORTGAGES - THE OVERALL COST FOR COMPARISON IS 7.8% APR

THE ACTUAL RATE WILL DEPEND ON YOUR CIRCUMSTANCES. ASK FOR A PERSONALISED ILLUSTRATION. THERE WILL BE A FEE FOR MORTGAGE ADVICE. THE FEE WILL NORMALLY BE 3% OF THE MORTGAGE ADVANCE, MINIMUM OF £995 AND MAXIMUM OF £3,000. THE FEE CAN USUALLY BE ADDED TO THE MORTGAGE AMOUNT.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

 

 

 

 

 

 

 

 

 

 

 

 

 

debt management  YOUR DEBT MANAGEMENT QUESTIONS ANSWERED

                                             

 

» Will I be taking out a new loan to clear my other debts?

» How does the plan pay off my debts without lending me any money?

» Will you be dealing with every company I owe money to?

» Will my creditors/lenders definitely accept your proposed plan?

» Will I have to pay for longer due to the reduced payments involved?

» What happens if I fail to make a payment?

» How will I keep up to date with progress?

» Can I, and should I, deal with my creditors myself while in the plan?

» Will agreeing to the plan affect my credit rating?

» What does the Debt Management service cost?

» What do I pay the fees for?

» Will I be charged if I change my mind?

» Should I stop all of my direct debits and standing orders now?

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debt management  Q: Will I be taking out a new loan to clear my other debts?

                                             

 

A: No. A Debt Management Plan is a way of helping you make affordable payments to your existing creditors. Click here if you want a loan.

 

 

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debt management  Q: How does the plan pay off my debts without lending me any money?

                                                           

 

A: We will assess your income and outgoings and ultimately prove to your creditors that you cannot meet all of your payments. We will then negotiate and agree a single new affordable monthly payment. From this payment we will then distribute an amount to each creditor on a "pro-rata" basis. We will then monitor your situation and advise you accordingly.

 

 

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debt management  Q: Will you be dealing with every company I owe money to?

                                                           

 

A: No. Some of your debts may be regarded as “priority” debts due to serious consequences if payments are not made.  An example is your mortgage or utility bills.  These will be taken into consideration when calculating what amount is available to distribute to your other lenders and it is very important that you continue to pay these in full yourself.

 

 

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debt management  Q: Will my creditors / lenders definitely accept your proposed plan?

                                                           

 

A: Creditors and lenders do not have to accept our proposals, but most are willing to accept them if we can prove it is beneficial and agreeable to both parties.  Please note that there is no guarantee that existing or threatened proceedings will be suspended or withdrawn.  Your creditors may also continue to issue default notices and add additional costs to your debt.  You can rest assured that we will do all we can to ensure your creditors understand the difficulties you are in, to ensure the best possible outcome.

 

 

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debt management  Q: Will I have to pay for longer due to the reduced payments involved?

                                                           

 

A:: This is possible; however, the payments will be affordable every month.  In addition to this, every effort will be made to encourage your creditors to freeze interest and other charges to ensure your debt reduces as quickly as possible.  Should your circumstances improve, your plan can be amended to speed things up.  Please note that if your creditors refuse to freeze interest, paying the same debt over a longer period of time will increase the total amount to be paid.

 

 

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debt management  Q: What happens if I fail to make a payment?

                                                           

 

A:: It is highly likely that your creditors would withdraw their support of the plan and may commence court proceedings.

 

 

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debt management  Q: How will I keep up to date with progress?

                                                           

 

A: We will send you a monthly statement showing what money has been received from you and how this has been distributed.  You should also continue to receive statements directly from your creditors.

 

 

debt management plan advice and information  Back to questions    debt management plan advice and information  Back to main page     debt management plan advice and information  Get a debt management quotation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

debt management  Q: Can I, and should I, deal with my creditors myself while in the plan?

                                                           

 

A:: You can if you wish; however, most people prefer to leave that to us as it is part of the service we provide.  Either way, you should keep us informed of all contact made between you and your creditors, including forwarding copies of all correspondence from your creditors.  Please do not ignore your creditor letters, forward them to us as soon as possible.

 

 

debt management plan advice and information  Back to questions    debt management plan advice and information  Back to main page     debt management plan advice and information  Get a debt management quotation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

debt management  Q: Will agreeing to the plan affect my credit rating?

                                                           

 

A: Your credit rating may already be affected if you have been having difficulties making payments to your creditors.  Also, any of your creditors may issue a default notice due to the fact you have not maintained the original agreement with them.  Please also note that your first payment is retained as part of our fees and that this will initially put your accounts into arrears or further into arrears.  It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term.  Please note that credit reference agencies will retain details for 6 years after full payment of the debt has been made.

 

 

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debt management  Q:  What does the Debt Management service cost?

                                                           

 

A:: Your first monthly payment is retained by us for setting up your Debt Management Plan and is therefore not paid to your creditors, which means that your account will go 1 month into arrears. There is also a monthly management fee of 17.5% of your monthly payments subject to a minimum of £25 and a maximum of £100.

 

 

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debt management  Q: What do I pay the fees for?

                                                           

 

A:: You are paying for a professional, personal service and employing our skill, expertise and experience of dealing in the finance industry.  This ultimately provides you with peace of mind that your creditors are being paid regularly and an amount that you can afford.

 

 

debt management plan advice and information  Back to questions    debt management plan advice and information  Back to main page     debt management plan advice and information  Get a debt management quotation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

debt management  Q: Will I be charged if I change my mind?

                                                           

 

A:: We will provide you with a 7 day “cooling off” period from the date you accept our Terms and Conditions or, if earlier, from the date your first payment is received.  If you decide not to continue with the plan within the first 7 days, we will refund your initial fee.

 

 

debt management plan advice and information  Back to questions    debt management plan advice and information  Back to main page     debt management plan advice and information  Get a debt management quotation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

debt management  Q: Should I stop all of my direct debits and standing orders now?

                                                           

 

A:: No. Please do not cancel any payment arrangements to your creditors until you receive confirmation that your new plan has been accepted.

 

 

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Debt Management service information and advice. Website for people looking for debt management company. Questions, information and advice for people with debt problems.