Debt Management Company Kent

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Debt Management Company Kent – Debt Help Available

Debt Management Company Kent
Welcome to our debt solutions website, where we offer tailored financial support to individuals in the UK. Facing debt challenges can be overwhelming, but you’re not alone. We provide a range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy options. Our goal is to help you find affordable solutions for long-term financial stability. Explore your options with us and take the first step towards a debt-free future.

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 Kent
Bankruptcy can be a daunting but viable debt solution for individuals in the UK facing overwhelming financial challenges. It is a legal process that allows you to clear unmanageable debts, offering a fresh start. Bankruptcy may be suitable for those with significant debts they cannot repay or if other options have been unsuccessful. The process involves declaring bankruptcy, which freezes debt repayments and stops creditor action. While bankruptcy can provide relief from debt pressure, it also has consequences such as affecting your credit score, potentially losing assets, and limiting future borrowing. It’s crucial to seek professional advice to understand if bankruptcy is the right step for your situation. Remember, seeking help is a positive step towards regaining financial control.

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Debt Management Company Kent
An Individual Voluntary Arrangement (IVA) is a formal agreement in the UK that allows you to repay debts at an affordable rate. It is suitable for individuals with significant debts they cannot repay in full. An IVA involves making monthly payments over a fixed period, typically five years, after which remaining debts are written off. While an IVA can provide relief from debt pressure, it will impact credit ratings and may require equity release. Seeking professional advice is crucial to understand if an IVA aligns with your financial goals. Remember, there are tailored solutions available to support you on your debt-free journey.

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Debt Management Company Kent
A Debt Relief Order (DRO) is a suitable debt solution for individuals in the UK with low income, few assets, and debts they cannot repay. It is a legal agreement that freezes debt repayments for a year, offering relief from creditor pressure. While a DRO can provide a fresh start after 12 months, it also comes with restrictions, and not all debts may be included. Eligibility criteria apply, and seeking professional advice is crucial to determine if a DRO is the right step for your circumstances. Remember, there are options available to help you navigate through financial challenges.

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Debt Management Company Kent
A Debt Management Plan (DMP) offers a structured way to repay debts in the UK, suitable for individuals struggling with multiple debts. It involves consolidating debts into a single affordable monthly payment, managed by a debt management company. A DMP can provide relief from creditor pressure and stop interest and charges from accruing. However, it may take longer to repay debts through a DMP, and it can affect credit ratings. Seeking professional advice is essential to explore if a DMP aligns with your financial goals. Remember, managing debt is a journey, and there are tailored solutions available to support 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 Kent offers tailored debt solutions in the UK. Explore options like Debt Management Plans, IVAs, DROs, and Bankruptcy with expert advice. Located in Kent.