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Debt Management Company Coventry

Speak to an expert to discover all the debt solutions available to you.

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Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

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Debt Management Assistance for Coventry Residents

Debt Management Company Coventry extends a warm welcome to those seeking debt help. Our tailored solutions, including DMPs, IVAs, DROs, and bankruptcy, focus on your financial stability and affordability. Explore your options with us today.

Make one affordable monthly payment to us and we’ll manage the payments to your creditors for you.
We deal with your lenders on your behalf, taking care of all the hassle and paperwork.
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How do I get started?

Answer a few quick questions

Use our easy online questionnaire to start the debt help process.

Speak to a debt specialist

Our friendly, experienced team will explain all the available options.

Choose your plan

Select the best solution for your circumstances and lifestyle.

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What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

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Advantages of a DMP

We will manage the contact with your creditors and provide them everything they need. So, as long as you keep in touch with us, your creditors shouldn’t need to contact you.

You will just make one monthly payment to us, instead of paying all of your creditors individually.

In the vast majority (99.48%) of cases, creditors will stop applying interest and charges, so the money you pay will come straight off the balance.

You will have an online account which you can use to view your account and make changes.

If your circumstances change, we will renegotiate the payments with your creditors.

Disadvantages of a DMP

Your creditors don’t have to agree to the repayment, or to freeze interest and charges.

A debt management plan doesn’t protect you from further recovery or legal action from your creditors.

Your credit rating will be impacted because you’ll be paying reduced amounts to each creditor. If you’ve been missing payments to your debts it is likely that your credit report will already have been impacted.

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Debt Management Company Coventry offers bankruptcy solutions tailored to individuals in the UK. Bankruptcy can provide a fresh start by clearing debts, but it’s crucial to understand the process fully. It’s suitable for those with unmanageable debts and limited assets, but it comes with consequences. Bankruptcy affects credit scores, assets, and future borrowing. Seek professional advice to explore bankruptcy options without judgment.

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Debt Management Company Coventry educates on Individual Voluntary Arrangements (IVAs) as a UK debt solution. IVAs benefit those with unmanageable debts, offering a structured repayment plan. Successfully completing an IVA can lead to debt write-off, impacting credit ratings and borrowing. Seek advice to determine if an IVA suits your needs.

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Debt Management Company Coventry explains Debt Relief Orders (DROs) as a solution for UK individuals. DROs freeze debts for a year, benefiting those with low income and few assets. Eligibility criteria must be met, but it’s a fresh start after 12 months. Seek professional advice on DRO application process for tailored guidance.

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Debt Management Company Coventry provides Debt Management Plans (DMPs) to help manage debts effectively. DMPs are ideal for those struggling with repayments, offering a structured plan to clear debts. Creditors are involved, and interest may be frozen, but there could be drawbacks. DMPs impact credit scores and borrowing. Seek advice to understand if a DMP is the right solution for you.

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How does it work?

Let’s say you owe…

Debt Type Amount
Bank Loan £5,366.00
Gas Bills £129.00
Pay Day Loan £1,989.00
Overdraft £1,234.68
Debt Collection Agency £380.16
Short Term Loan £243.88
Debt Collection Agency £471.61
Council Debt £1,009.24
Credit Card £8,433.00
Total amount owed £19,256.57

After an IVA

65%
debt written off

IVA Payments
£110
per month

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Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

Debt Management Company Coventry in UK offers tailored debt solutions like DMPs, IVAs, DROs, and bankruptcy for individuals in need of financial assistance.