Having Too Many Debts And Unable To Repay Them?

Avail Debt Management Plan To Write Off Up To 80% Of Your Debts

  • Make Affordable Repayments
  • Ensured Safety & Privacy
  • Frozen Interest & Charges
  • Free From Lender’s Hassles

About Debt Management

Having economic issues is common in every household, and the current financial market offers many options that allow borrowers to avail of loans easily. Any unfortunate case where you cannot repay them to the creditors will have these loans piling up as debts. In the worst scenarios, you will have the debts accumulating in your account but no solution to overcome them. At such times, you can avail of the debt management services, to help you conquer your debts in a legitimate and hassle-free way.

The Government of the UK has put forward a couple of debt management plans for the public, which help them in reducing their debts and make affordable repayments to their creditors. At SwiftDebtAssist, you can choose from the various debt solutions and apply for the suitable one to live a debt-free life.

Debt Management Plan

How Do The Debt Help Solutions Work?

Online Submission

Online Submission

Fill the online application form on our website and submit it with all the required details.

Debt Assistance

Debt Assistance

Reliable debt advisors from our network will process your request to get debt help & assist you.

IP Check Ups

IP Check-Ups

A licensed IP will study your issues & sort out your debt issues with your creditors to solve them.

Debt WriteOff

Debt Write Off

If all goes well, your debts will be written off, & you should make subsequent affordable payments.

Representative Example For Debt Management

Presuming that you owe your creditors the following debts –
Personal Loans £6000
Credit Cards £2700
Utility Bills £1300
Overdrafts £2000
Other Debts £3000
Total Debt Amount £15,000
Managing Debt

Why Avail Debt Management Solutions?

Availing the right DMP could help you get out of debt in a safe, secure, and simple way. At SwiftDebtAssist, you can more than just a few benefits of getting debt help. Apart from living a debt-free life, you can take advantage of these perks too.

"Debt Management Plans UK For A Better Life"

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Frequently Asked Questions

Customarily, a DMP is a type of debt help solution availing which people can repay their debts in a more manageable way to their creditors. With a DMP, your debt issues and your financial circumstances will be scrutinized well by the insolvency practitioner, and they will persuade your creditors to reduce the debts. If most creditors agree with the debt help solution, your debts will be reduced, and you will have to repay affordable amounts for a fixed period of time.
Any individual who is a UK resident can avail a DMP. There are many different debt help solutions in the UK, and you can consult expert advisors about which is the most suitable one for you. Typically, you will need to have debts that are unaffordable with a low disposable income of £50 and fewer assets valuing up to £1000. Also, a DMP can be availed only by residents of England, Wales, and Northern Ireland.
Most DMPs usually last for a period of 3 - 5 years. During this period, you will have to make affordable repayments as per the agreed program, and any pending debts after completion of the tenure will be waived off. If circumstances allow, the debtors can repay the debts earlier, and complete the plan successfully. However, under genuine situations, the repayment period could also be extended.
Most times, a DMP is availed to write off unsecured debts. These unsecured debts are categorized broadly as Priority and Non-Priority debts. The Priority debts include - Housing Rent, Secured Loans, Income Tax, Court Fines, Council Tax, Utility bills, National Insurance, etc., whereas the Non-Priority debts include - Personal Loans, Bank Loans, Overdrafts, Credit Cards, Money taken from friends or family, etc. Although secured loans are not usually considered, depending on the situation a mortgage or equity home loan are acknowledged for a DMP.
Availing any DMP will leave a temporary impact on your credit rating. However, by making regular repayments as per the DMP schedule will help you bring your credit rating back on track. Every debt help solution is a private legal agreement in between you, your creditor, and your IP. Although a record of your debts will be recorded on the public Insolvency Register, it shall be removed soon after completion of the DMP.

For more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. IVAs are not available in Scotland. Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk