Top tips to stay debt-free

  • Maximise income
  • Minimise expenses
  • Claim all entitlements
  • Plan ahead
  • Don’t borrow more
  • Call UK Money Solutions

Debt Management Services Company UK

A DEBT MANAGEMENT PLAN TO SUIT YOU

We are promoting UK Money Solutions as ‘the UK Debt Management Company that does more’ when it comes to helping clients get out of debt. We will look at all options to help you clear debts, and if debt management seems the best way forward then you can rely on our in-house debt management services experts.

When looking for a debt management company, consider that our debt management services consist of all the good parts that other debt management companies offer - plus a little bit extra. This is how it works:

DEBT MANAGEMENT SERVICES

As part of our debt management services:

We will assess your income and expenditure and look at areas where you could increase or maximise your income and reduce or minimise your expenditure.

We will help you with money and debt management tips to ensure your priority debt commitments are met before any non-priority debt commitments.

We will agree with you a monthly payment that you are comfortable with and that will be your affordable payment to us for which will take care of all your unsecured debts. This will usually be a significantly lower payment than your current debt repayments.

Your creditors will receive token amounts from your 2nd and 3rd payments. Paying creditors from the end of your 1st month will ensure minimal disruption.

 

Full pro-rata distribution of your monthly payment will be dispersed to your creditors (minus our low 14.9% admin fee) from your 4th installment.

Your debt management plan is now fully set up and will continue to run through to completion unless you notify us otherwise (such as of a change in circumstance) or you miss payments.

GET OUT OF DEBT – QUICKER WITH THE UK DEBT MANAGEMENT COMPANY THAT DOES MORE

As part of our commitment to help you to be debt-free in the quickest time possible, you will be offered the chance to claim back mis-sold financial products and unfair charges alongside our debt management services.

For example, if you have been mis-sold Payment Protection Insurance and you instruct us to claim this back, the refund (if successful) could significantly reduce your outstanding debt and bring your debt-free date forward. These debt management services are not always offered as standard alongside debt solutions with other UK debt management companies.

LOOKING AFTER CLIENTS

As your chosen debt management company, we are here to assist you to get out of debt from day one to the day when every single debt you have is paid off, without exception. All of our clients are allocated their own personal case manager who will take care of your needs at all times. Our debt management services case managers are contactable by phone (9am-5pm), by email or by post.

They will always answer your questions or worries to the best of their abilities. Our customer service department aims to answer your call within ten seconds and we never leave you on hold unless this is absolutely unavoidable.

We do not use offshore call centers, we don’t have an automated phone system and as long as you call within office hours you will always get through to speak to someone that can help you, guaranteed.

YOUR OWN DEDICATED PERSONAL CASE MANAGER

There will be times on a debt management plan when questions arise that you may not know the answer to. Previous questions that our case managers have helped our clients with include:

  • Why am I receiving nasty letters from creditors?
  • Why have some creditors accepted quicker than others?
  • Why is one creditor still adding interest when the others have frozen it?
  • How long will it take until I’m debt free?
  • Can my debt management company clear my debts quicker by obtaining PPI refunds?
  • Can I make full and final settlements if I come into money?

It’s not every day that your financial situation reaches the point whereby you have to make the decision to use debt management services, so therefore it’s unlikely that you will know absolutely everything about how a debt management UK company works.

With UK Money Solutions you can have the peace of mind knowing that your own personal case manager is just a phone call away and available 9am-5pm Monday to Friday. We even have a 24hr call center so if you need to call out of hours, you will always be able to speak to a real person rather than an automated phone system.

VULNERABLE CLIENTS

UK Money Solutions operates a vulnerable client policy and has the discretion to waive part or all of our upfront fees based upon personal or household circumstances. You may be referred to an alternative service provider such as the Citizens Advice Bureau if we feel this would best suit your needs.

DEBT MANAGEMENT PLAN SWITCHING POLICY

We will reduce your monthly fees for the entire duration of your debt management agreement if you switch your plan from another provider to UK Money Solutions.

CHARITY DEBT MANAGEMENT

In cases whereby we decide it would be ‘best advice’ you may be referred to an alternative service provider, for example, a charity or local competent authority if a Debt Relief Order (DRO) or other debt solution is regarded as the most appropriate course of action for your circumstances.

CALL UK MONEY SOLUTIONS FOR EXPERT DEBT MANAGEMENT SERVICES 08000 748 059 (24Hrs)

PROS AND CONS

Debt Management UK

 

PROS:

  • A MONTHLY PAYMENT YOU CAN AFFFORD
  • INTEREST USUALLY FROZEN OR REDUCED
  • FLEXIBLE IF YOUR CIRCUMSTANCES CHANGE
  • INFORMAL ARRANGEMENT
  • NOT SECURED AGAINST YOUR HOME
  • YOU C AN CANCEL AT ANY TIME
  • FULL & FINAL SETTLEMENTS CAN BE OFFERED
  • WE DEAL WITH ALL OF YOUR LENDERS

CONS:

  • YOU’LL BE EXPECTED TO REPAY YOUR DEBTS IN FULL
  • CREDITORS NOT LEGALLY OBLIGED TO SUSPEND COURT ACTION
  • CREDITORS NOT LEGALLY OBLIGED TO ACCEPT THE ARRANGEMENT
  • CREDITORS NOT LEGALLY OBLIGED TO FREEZE OR REDUCE INTEREST
  • COULD ADVERSLY AFFECT CREDIT RATING
  • CAN’T INCLUDE CERTAIN DEBTS SUCH AS COUNCIL TAX OR SECURED DEBTS
  • NOT LEGALLY BINDING LIKE AN IVA
  • IT CAN EXTEND THE TERM OF INDEBTEDNESS

Please note a debt management plan should be considered a short to medium term debt solution, and we will monitor your situation to try to source a long term debt management plan solution as time goes on. Rescheduling debt could affect your credit rating and could extend the term of indebtedness.

START CLEARING YOUR DEBT TODAY

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