Debt Management Company Chester

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Debt Management Company Chester – Debt Help Assistance

Debt Management Company Chester

Welcome to our debt solutions website. We understand that seeking help with debt can be overwhelming. We offer a range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, tailored to your unique circumstances. Our aim is to provide affordable solutions for long-term financial stability. Explore your options with us without judgment.

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 Chester

Bankruptcy can be a daunting prospect, but it’s a legitimate debt solution in the UK. It’s suitable for individuals facing overwhelming debt with no feasible way to repay. The process involves declaring bankruptcy, which involves a formal procedure where your assets and liabilities are assessed. While it offers a fresh start by eliminating most unsecured debts, it can impact your credit score, assets, and future borrowing. Seeking professional advice is crucial to navigate this process effectively.

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Debt Management Company Chester

Individual Voluntary Arrangements (IVAs) are a viable debt solution for UK individuals struggling with repayments. This formal agreement allows you to repay creditors over a fixed period before having debts written off. While it impacts credit ratings, it offers a structured path to financial recovery. Seek professional advice to determine if an IVA is right for you.

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Debt Management Company Chester

Debt Relief Orders (DROs) offer relief to individuals in the UK burdened by unmanageable debt. Designed for those with low income and minimal assets, a DRO freezes debts for 12 months before writing them off. While it provides a fresh start, it can impact credit ratings and borrowing capabilities. Consulting a professional for tailored advice is crucial to determine if a DRO is the right solution.

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Debt Management Company Chester

Debt Management Plans (DMPs) are a practical debt solution for UK residents struggling to manage their repayments. Tailored to individual circumstances, a DMP consolidates multiple debts into a single affordable monthly payment. While it helps avoid creditor harassment and reduces financial stress, it may extend the repayment period and affect credit scores. Seeking professional debt advice is essential to explore this option effectively.

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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 Chester in Location offers tailored debt solutions including DMPs, IVAs, and bankruptcy assistance. Explore affordable debt help options with our expert advice.