Welcome to Manchester Debt Management

Debt Management is the process of putting arrangements in place with your creditors by demonstrating why you cannot afford to maintain your repayments at the rate that was agreed when you took out the credit.

We concentrate on getting the interest and charges stopped as quickly as possible so the payments come off the balance and the debts come down as quickly as possible.

We deal with the creditors directly so you don’t have to – removing any stress brought about by calls and letters. Our creditor liaison department will monitor your account making sure that everything runs smoothly and will liaise with your creditors if any queries or issues arise.

During an informal chat with a debt advisor, you will run over your income and expenditure which will take around twenty minutes. We will then be able to determine how much you can realistically afford to offer each of your creditors on a monthly basis.

Our creditor liaison department will then contact your creditors and make them aware that we are working on your behalf and that you are on a debt management plan. We will make offers of repayment and get the arrangements in place. If there is any bailiff action or court action underway, we will take this over working on your behalf to make sure that your best interests are protected.

You then make one monthly payment to us and we distribute the individual payments to your creditors. While on our Manchester Debt Management plan you have access to your debt advisor, the creditor liaison department and the accounts department. If you have any questions or need any further advice you will be able to speak with the right people.

On a regular basis we review your debt management plan with yourself making sure that you are comfortable with your payments. We also conduct regular reviews with your creditors.
You can stay on the debt management plan for as long or as short a time that suits your financial situation and there is no contract or penalties on leaving. We find that the majority of our clients leave as they either complete the debt management plan or are able to settle the debts early.

Who can use Manchester Debt Management?

Absolutely anyone, it doesn’t matter if you are in receipt of state benefits, in receipt of a pension or waged. You can use a Manchester debt management to take control of your debts either on an individual basis or a jointly. You can also us the debt management plan for as short a time or as long as you need to.

If you have over £15000 of debt with three or more creditors and would like to see if you qualify to clear the debt over a period of 60 months for an affordable monthly amount, please have a look at Individual Voluntary Arrangement.