Debt Management

Debt Management companies are there to help when your debts seem to have reached uncontrollable levels. Your work circumstances can change at any time leading to a sudden difficulty in keeping up with credit payments or bills. What may have once seemed an easy in- and outgoing financial situation can suddenly be hard to manage.

Debt Management can come to the rescue especially when creditors begin to threaten legal action. Rather than live in fear or put your head in the sand, look the option. A Debt Management service will carry out a full means test or audit based on your individual circumstances. This allows them to assess how much you can actually pay off each month for your debts.

Your creditors or debtors will be contacted by the Debt Management service so you needn’t fear them. Most importantly, it aids your credit history if you actively seek ways to pay off your debts. A Debt Management company can help you to find a way to deal with them which is fair to both you — and those to whom you owe money.

Company	Debt Options	Min Debt	Min Monthly Income	Write Off Options	ID Required	More Info
Debt Assist	Debt Management / IVA	£5,000	£50	Up to 75%	ID may be required
	Debt Assist provide trusted debt relief solutions - both Debt Management 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.
Solve My Debt	IVA/Debt Management	£15,000	N/A	Up to 70%	You may be required to produce wage slips and creditor letters
	Solvemydebt.co.uk specialise in debt management plan but can also arrange for you IVA’s. They will distribute your monthly payments to your creditors - on your behalf. Solve My Debts offer free no obligation debt advice - both homeowners and tenants welcome.
Trapped.co.uk	Debt Management / IVA	£1,500	N/A	Up to 70%	Be prepared to provide lots of ID and information
	Trapped.co.uk work with the UK’s top debt solution companies and offer Debt Management, IVAs and Trust Deeds (Scotland) for people with mounting debts. Apply online for a free calculation of how Trapped.co.uk could help you.
Clear Debt	IVA / Debt Management	Less than £14,000	N/A	Up to 70%	ID may be required
	Clear Debt can help you if you have debt of less than £14,000 and can afford a £100 payment each month. Clear Debt help to reduce your monthly repayments and handle all negotiations with creditors to change your debt repayment terms, Debt Management is an alternative option to IVA or Bankruptcy.
Debt Fixers	IVA / Debt Management	£0	£50	60-70% Depending on arrangement	Apply online for more information.
	DebtFixers have a team of dedicated staff offering a professional approach to your debt solution. They offer IVA and Debt Management products to help you out of your financial crisis. Simply complete the online form and an advisor will be in contact.
Debt Line	Debt Management Plans	£1,000	N/A	Not stated	See application for details.
	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 if you have got bad history and they don’t credit check you first.