Need Advice? Call us now on:

0845 050 1958

or

Request a Call Back
Debt Advice Recovery Farleys Solicitors

Debt Management

Debt Management

Typically this is a short term option which enables you to restructure your spending habits so you can afford your repayments.

You could continue and struggle on and maintain payments to your creditors or enter into a debt management plan. You can do this by approaching your creditors yourself or employ the service of a debt management company to organise repayment of your debts over a period of time.

Such an arrangement is informal and not binding to your creditors, consequently they could accept the terms of your offer and then change their minds and ask for repayment in full. Interest is not frozen and so often you do not repay any capital for the duration of the plan.

Contact a Debt Management Lawyer

Speak with a Debt Management lawyer now at Farleys Solicitors, email us or call us on 0333 331 5294 now.

Related Articles

Debt Advice Recovery Farleys Solicitors

UK Debt Sees Huge Increase

The Office for National Statistics has recently released figures which show that unsecured debt is increasing in the UK. (Unsecured debt is ...

Read More
Mark Skinner Associate Partner
Debt Advice Recovery Farleys Solicitors

Potential Debt Trap for Households in 2020

Most households in the UK have received their first credit card bills in January. The debt repayment demands will usually arrive before the ...

Read More
Mark Skinner Associate Partner
Debt Advice Recovery Farleys Solicitors

Can “Buy Now Pay Later” Affect My Credit Score?

Debt charities are warning consumers on the risks of using “buy now pay later” firms to make online purchases. Over the past 12 months ...

Read More
Mark Skinner Associate Partner

Get in touch

Request a Call Back

Call us now on:

0845 050 1958