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All About Debt Management Plans

All About Debt Management Plans

 

We all know the phrase ‘A problem shared is a problem halved’ but there are some issues in life that can feel like they won’t get any easier! Being in debt can be an example of this; especially if you have a lot of debt which has been increasing over a long period of time. In a catch 22 situation people often apply for more credit to pay for existing credit and can end up in a far worse situation than they started with.


Putting yourself onto a debt management plan with Valour Financial Management could be the answer to this problem as it comes with a number of benefits to help you to get debt free. A debt management plan helps by consolidating your outstanding loans into one reduced monthly payment which is paid to the debt management company.


Valour Financial Management will deal with all of your creditors on your behalf meaning that you no longer have to worry about being hassled or having to negotiate payment amounts yourself. You will have a dedicated Finance Client Manager, with a great relationship with hundreds of different creditors, to do all of this for you which takes a lot of stress out of the procedure. It may even be possible to freeze fees and interest charges too!


A detailed financial statement will be created on your behalf to show the creditors that you are offering to pay a reasonable amount each month. This amount will be worked out between you and an advisor. Valour Financial Management will work out how much to give each of your creditors, from the amount you pay, on a pro rata basis which ensures that your debts will be paid off at the same rate.


You will have access to your own online portal where you can make payments, check your latest statement and liaise with your Client Finance Manager. This ensures that you are kept in the loop at all times.


So, if you are struggling with debt and could use some help, contact Valour Financial Management today on 0800 007 6888 and see how they can help you to become debt free today.


By Sasha Davison

 

27th February 2014


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