Debt Management – How It Can Work For You
Being in debt is a stressful experience that can be hard to escape. Many consumers and homeowners with certain types of debt problems are finding that a debt management plan is helping them find their financial feet. But what exactly is a debt management plan?
Well, put simply, a debt management plan does exactly what it says on the tin; our team of professional debt experts at simple-ivas will manage your debts for you. After establishing what you owe, who you owe it to and how much you can afford to pay on a monthly basis, our debt management team will devise a plan that steadily reduces your arrears.
Debt Management – What are the benefits?
Debt management plans are best suited to those with relatively low debts who struggle to keep up with repayments each month. Just some of the benefits of choosing simple-ivas for your debt management needs include:
• Helping to formulate a budget in accordance with you income
• Reducing the likelihood of incurring debts in the future
• Vastly reducing the stress levels associated with debt
• Unlocking the shackles of financial arrears
• Puts you back in the driving seat of your finances
Debt Management Plans – Who are they right for?
Debt management plans are more suited to those with relatively low levels of debt. Those who have significant debt problems may find an individual voluntary arrangement (IVA) a more suitable means of escaping debt. By utilising a debt management plan from simple-ivas, you will no longer have the stress of dealing with creditors as our financial experts will take responsibility for this. When it comes to debt, the worst thing you can do is bury your head in the sand and a debt management plan from simple-ivas is the best way of securing your financial freedom
Debt Management Vs IVA – Making the right choice
People often find themselves with debt problems through no fault of their own, particularly in the current economic climate of soaring living costs and utility bills. There is much that can be done to tackle financial arrears and simple-ivas is sure to have the right solution for you. An IVA is more suitable for:
• Those with large level debts; typically in excess of £15,000
• Those who have a regular source of income
• Those who can afford to pay back a fixed amount towards their arrears each month
A debt management plan from simple-ivas, however, is better suited to:
• Low level financial arrears
• Those who can afford to pay off some if not all of their debts each month
• Those willing to formulate a budget and stick to it
Looking for a debt management plan? Speak to simple-ivas
Here at simple-ivas, we pride ourselves on offering friendly advice and efficient debt management plans that can prove highly successful in removing the stresses and strains associated with having financial arrears and allow you to plan for your future free from debt.
To find out more about a debt management plan from simple-ivas, just call one of our advisors on 0800 031 9802 or email enquiries@simple-ivas.com.
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Debt management issues are having the effect of blurring the commonly assumed boundaries that separate the social classes. Many are labelling themselves middle class despite earning working class wages.
With the current economic climate having an impact on all walks of life, many argue that the average consumer in the UK will face the biggest debt management struggle due to the credit crunch and property slump.
An inability to keep on top of debt management may land as many as 1 million families in court in 2008 according to a report in The Daily Mail. The true affects of the credit crunch on debt management are only now being felt.
In what was a noble aim to raise money for a rural school, seven Spanish mothers found themselves in a debt management nightmare after poor sales of their racy calendar left they with a multitude of debts.
For many living in London, debt management is an ongoing struggle given the inflated prices in the capital and the general economic slowdown that is affecting the nation. One BBC presenter found debt knocking at her door in 2008.
Strategies to overcome the credit crisis in the UK are many and varied but not many debt management solutions are as eco-friendly as growing your own fruit and vegetables to cut back on grocery costs.
Horse racing may be the sport of champions but football is the sport of the masses and it is becoming increasingly expensive to follow your team. Debt management experts count the costs of supporting a Premiership team.
Debt management is a crucial aspect when starting a new business and something is becoming increasingly difficult as financial confusion reigns supreme in the UK.
London is famed for its lavish lifestyles and high prices and debt management in the capital is no mean feat but research has shown that people in Scotland actually spend more on a night out than their London counterparts.
Being in debt is a stressful situation and the level of debt in the UK is higher than ever before. Debt management plans are proving ever more popular amid claims that it takes us to the age of 50 to clear our non-mortgage debts.
With ever spiralling costs of consumer goods and general living costs, the issue of debt management is increasingly important. Research shows that Britons will need to work 70 days just to pay off the interest on their credit cards.
The issue of debt management is obviously very pressing in the UK given the current credit crisis and debt management experts are reinforcing the importance of informing your creditors when you change your address.
When you’re struggling to balance the books, you can always feel hopeful that your annual pay rise will help give you that financial boost you need, right?
More of us are in need of debt management solutions as new research suggests five million of us are victims of a ‘spendemic’.
The American way is all about freedom, liberty and democracy – but judging by the economy, debt management should be up there too.
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