Debt Management Plan

Your financial circumstances can change at any time – your job might change and you could be earning much less than you were previously, for example. This means that your finances will be put under pressure too. Debts can get out of control and with them the debtors come knocking.

But rather than panic or ignore the problem, there is a solution thanks to Debt Management Plans. Debt Management Plan companies will take your case and carry out a full means test or audit. This will help them to work out how much money you can afford to pay each month for your debts. By actively seeking help, you are making the debt problem less difficult in the long run. Best of all, Debt Management companies will negotiate with debtors on your behalf so that a fair deal can be struck. Please find a comprehensive list of debt help companies below.

COMPANY	DEBT OPTIONS	MIN DEBT	MIN MONTHLY INCOME	WRITE OFF OPTIONS	ID REQUIRED	APPLY
Clear Debt	IVA / Debt Management	£14,000	N/A	Up to 70%	ID may be required
Clear Debt	Clear Debt help you to get out of debt if you have debts of less than £14,000 and you are able to afford a £100 payment each month. Their debt management plans are provided by companies who negotiate with your creditors to change your debt repayment terms.					Terms Terms You must be able to afford a £100 payment each month Services Services Easy to use analyser Advantages Advantages Free debt advice Have debts lowered Reduce your monthly repayments They handle negotiations with all creditors Disadvantages Disadvantages The arrangements are informal. Your creditors can change their mind at any time. Your credit rating may still be harmed. While such arrangements reduce your monthly repayments to make them affordable it usually means you will pay more in total over a much longer period.
Debt Assist 123	Debt Management / IVA	5,000	50	Up to 70%	ID may be required
Debt Assist 123	ClearDebt123 provide trusted debt relief solutions - both DMPs and IVAs are offered. This UK-based company claims to help you write off up to 70% of your debts. Apply via an easy online form. Both homeowners and tenants are eligible.					Terms Terms The content of ClearDebt123 website is meant to be informational and it should not be considered financial advice Services Services IVA and Debt Management Advantages Advantages Minimum debts only need be £5,000 Homeowners and tenants welcome Disadvantages Disadvantages Must apply to find out more Website is cagey on details Must have at least 2 creditors
MyDebtSolution	Debt management/IVA/Debt Consolidation	N/A	£100	70%	ID required on request. Apply for more information.
MyDebtSolution	Working out a way forward when it comes to debt is made all the more simple with MyDebtSolutions. Calculate your savings online on the website's homepage and you could be in the position to write off up to 70% of your debt. MyDebtSolution help up to 10,000 each month.					Terms Terms MyDebtSolution.uk.com provides a free debt solution search service. Services Services Great debt calculator service. Advantages Advantages 1. Easy to access online calculator located on the websites homepage. 2. They deal with all scales of debt. 3. Let this debt management company liaise with your creditors on your behalf so you debts can be reduced. 4. You can freeze interest and charges. 5. This company has been government approved. 6. 10,000 customers each month. 7. Choose between debt management/IVA/debt consolidation/trust deed/bankruptcy. 8. UK's top debt comparison site. 9. Stop creditors calling you. 10. Free service! Disadvantages Disadvantages 1. Cannot use the service if you live outside United Kingdom. 2. MyDebtSolution is not authorised by the Financial Services Authority (FSA) regarding financial products and should not be regarded as a financial advisor.
edebtrelief	Up to 60%	N/A	50	Up to 60%	Initially personal details such as income and disposable income
edebtrelief	You could write off your debt with an IVA typically within 5 years. Your interest and charges are frozen so that you can pay off the debt itself rather than the extra charges. Get in touch with edebtrelief today so they can get you on the road to financial security.					Terms Terms Varies Services Services 1. IVAs 2. Debt Management Plans 3. Trust Deeds 4. Debt Relief Orders 5. Bankruptcy Advantages Advantages No Obligation and confidential advice 1. Fill out our form and receive a confidential no obligation call from a specialist 2. Full analysis of your debt, income and personal situation 3. Clear advice on how to set up your solution Disadvantages Disadvantages 1. You must enter details before you get many facts
Trapped.co.uk	Debt Management / IVA	£1,500	N/A	Up to 60%	Be prepared to provide lots of ID and information
Trapped.co.uk	Trapped.co.uk offers debt advice, IVAs and Trust Deeds (Scotland) for people struggling with their debts. Find out if you qualify online.					Terms Terms Apply online for more information Services Services Debt Management, IVAs, Trust Deeds (Scotland) Advantages Advantages Lots of well-known lenders sourced All borrowers considered Disadvantages Disadvantages Must fill out full application for a free calculation Lots of personal information required but this is to be expected
moneyblanket.co.uk	Debt management plans	£5000	N/A	N/A	Initially employment and residential details
moneyblanket.co.uk	At Moneyblanket.co.uk we do not directly give you advice or provide you with a debt solution. Our role is to take what information you provide us and match you up with a company from our panel of debt specialists. The chosen company can then give you the best advice or solution for your situation. Find your best debt solutions online - use our FREE debt calculator to find the debt solution that meets your need and requirements.					Terms Terms You must be 18 or over Services Services 1. IVAs 2. Debt Management Plans 3. Trust Deeds 4. Debt Relief Orders 5. Consolidation Loans 6. Bankruptcy Advantages Advantages 1. We'll suggest the most suitable debt solution for you based on your current debt and personal details 2. We'll analyse your debt, income and personal situation to work out which debt solution might be best for you 3. Clear advice on how to set up your solution Disadvantages Disadvantages 1. You must complete a form intially to find out if you qualify
xDebts	Debt management plans/IVAs	£5000	£50	see website	Initially your debt profile
xDebts	If you are certain that your debt needs a solid plan of action but uncertain about which route to take, then let xDebts do the hard work for you. Simply fill in your details online and wait for xDebt to come back with the right option for you. Simple.					Terms Terms Varies on debt management plan chosen Services Services Debt Management Plans IVAs Advantages Advantages 1.All the applying for xDebt can be done online so it is hassle free. 2.By using a debt management service you could improve your credit rating. 3.Make your monthly debt repayments more manageable by organising them into one, monthly payment. 4.Reduce your debt by up to 70%. 5.Let xDebt get in touch with your creditors on your behalf. Disadvantages Disadvantages 1.You must be over the age of 18 to use the service. 2.Do not apply unless you are a permanent resident of the UK. 3.You must have over £5,000 of debt. 4.You must have at least 2 creditors.
ClearYourBills	Debt management plans	N/A	£100	Up to 70%	Initially personal details such as monthly income.
ClearYourBills	We are the UK’s top money management comparison site. Our sole purpose is to find you the best solution to relieve you from your money difficulties. We also assist in finding you the best money management expert for your needs. Our trusted spe- cialists will get in contact with you to discuss your enquiry. Our partners will be able to maximise your savings by assessing all the options available to you.					Terms Terms Must fill out an application to get a free calculation. Services Services 1. IVA 2. Debt Management Plan 3. Consolidation Loan 4. Trust Deed 5. Bankruptcy 6. Debt Relief Orders Advantages Advantages 1. Reduce your bills by up to 70%! 2. Offer a completely free service and you are under no obligation 3. Already helped over 120,000 customers, last year alone, to significantly reduce their bills, so could help you too – even if other companies have let you down in the past! 4. A one-stop-shop for all your money worries solutions. We are an independent and impartial website, here to help you find the best personalised money management solution for your needs. 5. All you need to do is use the calculator above – and we will do the rest of the work for you. We’ll advise you on how we could help you cut your bills by 70%. Disadvantages Disadvantages 1. Debt doesn't disappear instantly by taking a debt plan
Debt Line	Debt Management Plans	£1000	N/A	Not stated	See application for details.
Debt Line	Debt Line help you to solve your debt problems by reducing the amount you have to pay on a monthly basis and stopping the creditors hassle you. You can even apply for a Debt Management Plan if you have got bad history and they don’t credit check you first.					Terms Terms All you need is to have at least £1000 worth of unsecured debt, simple! Services Services Debt Management Plans Only Advantages Advantages 1. The online fully online debt management company in the UK. 2. They talk to your creditors so you don't have to 3. One affordable monthly repayment 4. Don't worry about acceptance as there are no credit checks 5 Easy online steps to change your life today Disadvantages Disadvantages 1. Debt doesn't disappear instantly by taking a debt plan.