DEBT MANAGEMENT IN GLASGOW & ACROSS THE UK

Are you lagging on repayments against your loans or credit cards? Are you feeling overwhelmed by frequent calls from creditors? Trust our advisors at Your Debt Advice Ltd. A team with over 10 years of combined experience in supporting people in debt problems. This mechanism helps you repay personal loans, store cards, credit cards and other such non-priority debts. In a Debt Management Plan (DMP), the repayment duration varies as debts are fully repaid, contingent on the individual's debt level and their affordability.

 

Reclaim your financial stability - consult our debt advisers to find the most suitable debt solution for your needs.

​

A Debt Management Plan is an agreement between you and your creditors to pay all of your debts.

Debt management plans are usually used when either:

• you can only afford to pay creditors a small amount each month

• you have debt problems but will be able to make repayments in a few months

You can arrange a plan with your creditors yourself or through a licensed debt management company for a fee. If you arrange this with a company:

• you make regular payments to the company

• the company shares the money out between your creditors

​​

Costs - Some companies will charge:

• a set up fee

• a handling fee each time you make a payment

​​

Eligibility - Debt Management Plans can only be used to pay ‘unsecured’ debts, for example debts that have not been guaranteed against your prope