Debt Management

Debt management refers to an arrangement made on behalf of a consumer who is not declared as overindebted. In the process an agreement with the providers of unsecured credit will be made for the repayment of debts over a specific time period, generally extending the amount of time over which the debt will be paid back DebtMap will disclose your disposable income to all relevant credit providers and live them to decide on whether to agree to it or not. The consumer will be expected to make regular payments as set out and allow them to repay their debts at a compact level over a new fixed term which will then allow consumers to have a new start on their finances.

Who can apply for Debt Management?

Anyone who is not yet classified as over-indebted but wants to do away with the pressure mounting from the debts

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