Contact Us
First Credit Solutions Ltd, Cussins House, Wood Street, Doncaster, DN1 3LW Tel: 0844 888 0233 Fax: 0844 984 0399 Mail: info@firstcreditsolutions.co.uk
Debt Management
In the current financial climate, more and more people are finding it increasingly difficult to make ends meet with every day bringing a new financial headache. There are so many solutions available, it is sometimes difficult to know which one is best for you.
Many options, such as debt consolidation, mean taking out further finance to clear existing debts, which are often secured against your home. The term of the loan can be extremely lengthy, which in turn, simply prolongs the amount of time you’re in debt. If this option is not for you, then a debt management programme could be the best option.
What is debt management?
Simply speaking, a debt management programme helps you to clear your exiting loans and credit cards by replacing them all with one lower monthly repayment.
How does it work?
Rather than having to negotiate with all your creditors direct - which can be a lengthy and stressful task - an experienced advisor will work on your behalf to reduce your repayments. The below steps will give you an idea of how a debt management programme can work:
An advisor will go through your finances to access the total amount of debt
The advisor will prepare a financial statement and budget showing how your monthly repayments can be reduced
You agree with the advisor an affordable repayment plan, once reasonable day-to-day living expenses have been taken into account
The advisor will negotiate with all the creditors and in some cases will be able to freeze interest charges
If this sounds like a suitable option, please contact us and we will pass on your enquiry to our affiliate company Andrew Russell & Co who manage all our debt management issues. Their team of experienced financial experts will be able to discuss the options available with you and help you manage your debt problems and get you back on track.
Please contact us on 0844 888 0233 if you would like Andrew Russell & Co to contact you.