The Finance Equation Ltd

Passionate about Finance and Accounting

Debt Management substantially reduces your monthly payments to your creditors. This allows you to get out of debt by making repayments you can afford and often with interest being suspended while you’re in a debt management agreement with your lenders.

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 your current repayments.

You can either instruct us to negotiate on your behalf and then take over or make one affordable payment to us, which we distribute to your creditors. Typically, the new payment can be 20%-80% of your existing payments depending upon individual circumstances.

Ways Debt Management Can Assist

·         Payments are based on income once essential outgoings such as rent, food etc are budgeted for. Many non-obvious items can be included as essential living expenses, please contact us for full details

·         If you want you can let us deal with your stress by advising your lenders that The Finance Equation Ltd are dealing with your debts and you may refer any correspondence from your creditors to us

·         If your financial circumstances change for the better or the worse, you may adjust payments accordingly

·         Often we can get interest payments stopped at the point of entering the debt management plan

If you think we can assist you Contact us by email enquiries@finance-equation.co.uk and someone will get back to you within 24hrs.

N.B. Debt management will adversely affect your credit rating as well as your ability to get further credit. In some cases more extreme measures such as formal legal arrangements may be required, before you enter into a Debt management agreement or formal legal agreements please refer to the following government website http://www.insolvency.gov.uk . Our network of associates can also assist with any formal legal arrangements for you.

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