Debt Management Plans

A Debt Management Plan allows you to consolidate your unsecured debts and ensures that you make repayments you can realistically afford.

Debt Management is suitable for those with unsecured debt levels between £3,000 to £10,000. It is an informal creditor agreement and your monthly payment will be evenly distributed between your creditors.

AllClear Finance: Debt Management Benefits:

• You regain financial control with just one lower monthly payment. You only pay what you can afford once you have paid all your essential bills.
• No need to worry about creditor calls or letters.
  You can forward letters and refer any phone calls to ourselves, as we will deal with them as part of our service.
• We try to get your creditors to freeze interest and charges, but this cannot be guaranteed.
• Flexibility, as if your circumstances change then your plan can be altered accordingly.

If have debt levels of more than £15,000 of unsecured debt, then an IVA could be your best option.

Not sure if a Debt Management Plan is right you? Take the AllClear Finance 1 Minute Debt Test to see your potential debt solutions.  

For no-obligation help and information, please call our freephone number on 0808 131 0038, or fill in your details in the Quick Enquiry Form so we can call you back.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)