Debt management

Do you know that there is a lot a lot of people still don’t know how to really manage their finances properly and end up in bankruptcy with debt all around! I can’t say that I have no problem in managing my finances. Some times I met a few problem too due to my wrong estimation. And because of this, I had to borrow money from my friends. Friends! A few! Not one! So, now I need advises on how to manage my debt, thus I went online searching for this kind of service so called Debt Management service.

I found one. This is a good one. They provide varieties of services which a lot of people needed it! Such as, Debt management, loans and mortgages, repossession help, advice guide and etc.

Here is some information of debt management and why we need to manage our debt?

What is Debt Management ?
Debt management is an informal arrangement between you and your creditors, negotiated by us on your behalf. We take details of your debts, income and outgoings, and provide proof to your creditors that you can't afford current repayment levels.

You make one affordable payment to us, which we distribute to your creditors. Typically, the new payment is half your existing payments, but will depend upon individual circumstances.

Why Debt Management ?
• Lower payments.
Payments are based on disposable income once essential outgoings such as rent and food are budgeted for. Many non-obvious items can be included as essential living expenses, please contact us for full details.

• One payment
Less hassle, you pay us and we forward payments to your creditors.

• No need for creditors to contact you.
You can advise your creditors that Abacus Finance are dealing with your debts and your may refer any correspondence from your creditors to us

• Flexibility.
If your financial circumstances change for the better or the worse, you may adjust payments in the debt management programme accordingly

• No charges for late or missed payments.
Often we can achieve to have interest payments stopped at the point of entering the debt management plan.

• No need get involved in legal proceedings
Unlike an IVA , debt management is an informal agreement, not involving the courts nor requiring high minimum debts or repayment levels.

• Does not put your home at risk
Unlike a secured debt consolidation loan, you do not run the risk of home repossession should you not be able to make payments.