Debt Management FAQs

Debt Management FAQsDebt Management FAQs

AA DebtDebt ManagementManagement PlanPlan isis ananaffordableaffordable repaymentrepayment programmeprogrammesetset upup byby aa debtdebt managementmanagementcompanycompany..companycompany..

BeforeBefore hiringhiring debtdebt managementmanagementCompanyCompany somesome ofof thethe frequentlyfrequentlyaskedasked questionsquestions onon DebtDebtManagementManagement areare……....

How do I know whether a Debt Management Plan is right for me?How do I know whether a Debt Management Plan is right for me?

AA DebtDebt ManagementManagement PlanPlan atat thethe debtdebtadviceadvice UKUK teamteam isis aa debtdebt solutionsolution forforthethe followingfollowing typestypes ofof peoplepeople:: KnowKnowmoremore……


moremore……

What are the advantages of a Debt Management Plan ?What are the advantages of a Debt Management Plan ?

InIn thethe areaarea ofof debtdebt eliminationelimination somesomepeoplepeople likelike thethe ideaidea thatthat theythey havehave aacontractcontract withwith thethe DebtDebt ManagementManagementOrganisationOrganisation,, andand believebelieve thatthat theytheythereforetherefore havehave moremore controlcontrol overover howhowtheirtheir debtsdebts areare treatedtreated:: KnowKnow moremore……

IfIf youyou areare thinkingthinking ofof usingusing aa debtdebtmanagementmanagement company,company, youyou shouldshould bebeawareaware ofof theirtheir disadvantagesdisadvantages:: KnowKnowmoremore……

What are the disadvantages of a Debt Management Plan?What are the disadvantages of a Debt Management Plan?


moremore……

AA DebtDebt ManagementManagement PlanPlan isis notnot aa loanloan..AllAll itit doesdoes isis placeplace youryour debtsdebts withwith aathirdthird partyparty whowho dealsdeals withwith youryour debtsdebtsforfor youyou.. KnowKnow moremore……

Is a Debt Management Plan a type of loan?Is a Debt Management Plan a type of loan?

The UK Debt Advice Team can confirmthat the length of your debtmanagement plan depends on how

How long will I have to pay a Debt Management Plan How long will I have to pay a Debt Management Plan before I am debt free?before I am debt free?


management plan depends on howmuch you pay... KnowKnow moremore……

The workload to administer a debtmanagement plan is very detailed andinvolves the.... KnowKnow moremore……

How do does a Debt Management Plan cost?

The debt help team can confirm that adebt management plan is based onwhat you can afford. The amount you

How much money will actually go to the companies I owe How much money will actually go to the companies I owe money to under a Debt Management Plan?money to under a Debt Management Plan?


what you can afford. The amount youpay... KnowKnow moremore……

Most clients pay their debtmanagement plans by standing orderfrom their bank accounts. To help debtproblems.... KnowKnow moremore……

How do I make the payments?

The attractive feature of a DebtManagement Plan is that you can stopand start it at any time you want the

If I have a change of circumstance can I stop the Debt If I have a change of circumstance can I stop the Debt Management Plan?Management Plan?


and start it at any time you want thedebt... KnowKnow moremore……

There are two different types of debtmanagement plans: (1). The typewhere you are provided with standard.... KnowKnow moremore……

Who tells the companies I owe money to that I am Who tells the companies I owe money to that I am actually in a Debt Management Plan? actually in a Debt Management Plan?

In order to get help with debt we needinformation. The main drawback ofdebt management plans is that

Will the companies I owe money actually accept a Will the companies I owe money actually accept a aa Debt Debt Management Plan?Management Plan?


debt management plans is thatcreditors... KnowKnow moremore……

Please note that for consumersconsidering a Debt Management Plan(DMP), although the consumer maybecome debt free.... KnowKnow moremore……

How a will Debt Management Plan affect my credit How a will Debt Management Plan affect my credit status with Experian, Equifax and status with Experian, Equifax and CallcreditCallcredit, the three , the three

main credit reference agenciesmain credit reference agencies

The UK Insolvency Debt Advice Servicecannot guarantee that creditor contact

Will a Debt Management Plan stop all the companies Will a Debt Management Plan stop all the companies that I owe money to constantly telephoning me and that I owe money to constantly telephoning me and

sending me letters?sending me letters?


cannot guarantee that creditor contactcalls will stop once the creditors are...KnowKnow moremore……

A report will be sent to you monthlywill confirm all of your payments datesand amounts.... KnowKnow moremore……

Will I receive a regular report to inform me that my debts Will I receive a regular report to inform me that my debts are actually going down?are actually going down?

Once you commence ongoing debtadvising we will try to ensure that you

After the Debt Management Plan is set will I receive be After the Debt Management Plan is set will I receive be able to get any additional help and advice?able to get any additional help and advice?


advising we will try to ensure that youremain with the same debt adviser...KnowKnow moremore……

We always state to creditors that adebt management procedure isbasically a budget that you mustadhere to. Whilst you’re.... KnowKnowmoremore……

After the Debt Management Plan is set up can I still use After the Debt Management Plan is set up can I still use a credit card or apply for car finance if I budget for it?a credit card or apply for car finance if I budget for it?

Interest and charges usually getstopped even if they are not legally

Once the Debt Management Plan has been set up does it Once the Debt Management Plan has been set up does it mean that I will have to keep paying interest and bank mean that I will have to keep paying interest and bank

charges?charges?


stopped even if they are not legallyobliged to. Please note that forconsumers considering...KnowKnow moremore……

It is very important to understand that debts which have underlying security related to them cannot be put into a plan. Remember... . Know more…Know more…

Can I include secured loans in a Debt Management Plan, Can I include secured loans in a Debt Management Plan, such as car finance or mortgage?such as car finance or mortgage?

If you can’t meet your mortgagerepayments, or you’re worried youmight fall behind, it’s important to

Can the companies that I owe money to threaten to take my Can the companies that I owe money to threaten to take my house or flat once that I am in a Debt Management Plan?house or flat once that I am in a Debt Management Plan?


might fall behind, it’s important tocontact... KnowKnow moremore……

A debt management plan will only helpyou with unsecured debts..... KnowKnowmoremore……

Can I include all my debts inCan I include all my debts in a Debt Management Plan?a Debt Management Plan?

The debt team tend to advise clients tobe fully aware the disadvantages of

Debt Management Debt Management ProgrammeProgramme


be fully aware the disadvantages ofdebt management programme thatbefore... KnowKnow moremore……

he DWP Debt Management is part ofthe Department of Work and Pensions.This organisation is run to recover....KnowKnow moremore……

DWP Debt ManagementDWP Debt Management

With national debt at an all time high,credit card debt management has

Credit Card Debt ManagementCredit Card Debt Management


credit card debt management hasbecome a priority for the majority ofUK citizens... KnowKnow moremore……

Debt management is often the firstport of call for those with debtproblems. If it is possible to pay forsome.... KnowKnow moremore……

Advanced Debt Management PlansAdvanced Debt Management Plans

t’s clear that people need more helpwith managing their debts, as one in

About Debt ManagementAbout Debt Management


with managing their debts, as one infour people are struggling to meetpayments... KnowKnow moremore……

ost people with debt problems looktowards a debt management plan toprovide a route out of debt.... KnowKnowmoremore……

Advanced Debt Management SolutionsAdvanced Debt Management Solutions

We have developed an associationwith debt management professionals

Association With Debt Management FirmsAssociation With Debt Management Firms


with debt management professionalsto assist with all kinds of debtmanagement problems. KnowKnow moremore……

If you’re looking for the best debtmanagement advice and help, we canhelp. Money Advice Direct Debt....KnowKnow moremore……

Best Debt ManagementBest Debt Management

You may wonder how a debtmanagement plan can help you. Trying

Budget Right Debt ManagementBudget Right Debt Management


management plan can help you. Tryingto budget for the right debt... KnowKnowmoremore……

Christian Debt Management isincreasing in the UK. If you’re lookingfor a good, Christian debt managementplan...KnowKnow moremore……

Christian Debt ManagementChristian Debt Management

It’s easy for UK consumers to findthemselves in debt. Up until recently,

Consumer Debt ManagementConsumer Debt Management


themselves in debt. Up until recently,store cards and finance... KnowKnowmoremore……

Debt management to make a clearstart in your life can be extremelyhelpful if the debts are.... KnowKnow moremore……

Debt Management can help you make a clear start with Debt Management can help you make a clear start with your debtsyour debts

Personal debts can easily soar out ofcontrol, especially through bad credit

Credit Card ManagementCredit Card Management


control, especially through bad creditcard management. But credit cardmanagement... KnowKnow moremore……

A debt collection agency operates withthe intention of reclaiming debts. Themajority of debt collection agencies....KnowKnow moremore……

Debt Collection Agency AdviceDebt Collection Agency Advice

One of the easiest ways to gainfinancial problems is through credit

Debt on Credit CardDebt on Credit Card


financial problems is through creditcard debt. In recent years, it wasn’tuncommon... KnowKnow moremore……

In recent years, it’s been easy to gainaccess to credit. UK debts have soaredand banks are looking.... KnowKnow moremore……

Debt Management AdviceDebt Management Advice

There are many debt managementagencies in operation, but finding the

Debt Management AgenciesDebt Management Agencies


agencies in operation, but finding theright one can be a difficult challenge...KnowKnow moremore……

As a debt management agency, we willtry to find the best way possible tohelp you become debt free (subjectto.... KnowKnow moremore……

Debt Management AgencyDebt Management Agency

There are many debt managementarticles available on the internet, and

Debt Management ArticlesDebt Management Articles


articles available on the internet, andit’s sometimes difficult to ascertain...KnowKnow moremore……

Personal debt can be accumulated inmany different ways and in recentyears. Our debt managementassociates.... KnowKnow moremore……

Debt Management AssociatesDebt Management Associates

Debts can easily mount up, especiallyin recent years when credit cards have

Debt Management CentreDebt Management Centre


in recent years when credit cards havebeen offered with every postaldelivery... KnowKnow moremore……

In recent years, banks were sendingout offers of credit on a regular basis,with every postal delivery containing....KnowKnow moremore……

Debt Management Companies UKDebt Management Companies UK

From a period where obtaining creditwas easy for the majority, people

Debt Management CompanyDebt Management Company


was easy for the majority, peoplethroughout the country are evenstruggling to just ... KnowKnow moremore……

Helpful advice and guidance to help you become debt free ... Throughout the UK, levels of debt are ... . Know Know more…more…

Debt Management ConsultantsDebt Management Consultants

Credit cards, store cards and personalloans are some main sources of

Debt Management CorpDebt Management Corp


loans are some main sources ofpersonal debt, with most adultsaccumulating... KnowKnow moremore……

Debt in the UK is at an all time high, with the majority of people having some form of debt. Whether its credit cards, store cards or ... . Know more…Know more…

Debt Management CorporationDebt Management Corporation

Debt Management GroupDebt Management Group


The debt management group ofadvisers at Money Advice Direct offerdebt advice services in the UK. Thedebt management... KnowKnow moremore……

Debt Management GroupDebt Management Group

Contact Us

Administration Centre,Administration Centre,Administration Centre,Administration Centre,Room 4, Gable House,Room 4, Gable House,239 Regents Park Road,239 Regents Park Road,London, N3 3LFLondon, N3 3LF

Phone Phone -- 0800 074 69180800 074 6918Email Email –– info@[email protected]

Visit at: http://www.bankruptcyVisit at: http://www.bankruptcy--insolvency.co.uk/ insolvency.co.uk/

Debt Management FAQs

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