What with the global financial crisis and the resulting credit crunch more and more people are finding themselves in financial difficulty.
This website is here to help inform you of ways that you can manage your debts by coming to some sort of arrangements with your creditors.
Banks and other lenders say they would rather you come to an affordable agreement with them rather than you burying your head in the sand, and in today’s economic environment the stigma of being unable to meet your payments is long gone. So get organized!
Facing your financial difficulties and understanding your options are the first steps to resolving your problem and reliving the stress and worry that it brings.
In the UK there are registered charities that can help you deal with your debt problems, you just phone them up ask to book a phone appointment and they will arrange to have one of their people call you, where you then tell them about your situation.
They are very understanding and not at all judgmental about how you got to be where you are, they are there to help you get out of your particular problem to be able to move on with your life.
One such charity is the Consumer Credit Counselling Service (CCCS) and I wouldn’t hesitate to recommend you get in touch with them if your debt worries are getting to be a problem for you.
What options are available?
Below are a list of articles about debt management solutions describing some methods that may be of use to you.
Debt Management Plans
A Debt Management Plan (DMP) is an arrangement that enables people who are in debt to a number of different creditors to make one monthly payment each month through a debt agency or charity, who will in turn pay back the other creditors an agreed amount.