Debt Management – Start getting Debt free TODAY!

Through years of experience we are able to provide a unique debt management plan. You might find that after a year of being with Moneymeans you can stop paying your creditors and you even be in credit! 

Debt Management - Could it ruin my Credit Rating?

NO, not necessarily. A debt management plan isn’t as strict as an IVA or Bankruptcy so you’re not going through the courts.

The debt management plan doesn’t go on your credit file unlike an IVA or Bankruptcy and you can come off the debt management plan at any time you like if you find a better solution.

You could still receive defaults throughout your Debt management plan but you would probably receive them anyway if you were not on such a plan. The worse thing you can do is to bury your head in the sand and ignored the severity of your debts.

Office of fair trading guidelines regarding Debt Collection

The Office Of Fair Trading (OFT) was established in 1973. It was set up to ensure fair practice between companies and their consumers. To trade in the UK, companies must obtain a UK Trading License. If the OFT guidelines are broken, the company could be fined, have their license revoked or have restrictions put on their license. We advise our clients to use the OFT because the client can make a complaint against a creditor if they continue to break the guidelines.
Examples of unfair practice:-

• Section 2.6f  - Clients made to feel under pressure to pay in full, in unreasonably large installments, or to increase payments when they are unable to do so.

• Section 2.8c  - refusing to deal with appointed or authorised third parties such as debt management programs

• Section 2.8d – contacting clients directly and bypassing their appointed representative

• Section 2.8e – to operate a policy without reason, or refusing to negotiate with a debt management company.

An unsecured creditor is a company that has given you credit services that are not secured against any of your assets, for example a credit card, a store card and certain kinds of loans.

Remember, just because a debt management plan may not be suitable for you, it doesn’t mean that you are out of options. We are confident we can help, no matter what your debt problems are.

With our help we can show you how to use this Consumer Protection so that you can appropriately and assertively get your life back on track.

Experience Debt Management with a difference with Moneymeans and speak to one of our Advisors today.

Start your Unique Debt Management Plan Today

CALL US TODAY ON....

08432 899051

Debt management – What is it and how can it help?

Debt management – Why should I choose it?

Moneymeans was started so they could help people struggling to make ends meet. Most people in the UK find it difficult to live within their means. The percentage of people who are struggling with their debts increase every year and debt management is the logical cure to some of these problems. A debt management plan can ease the stress of everyday life and can help keep your finances under control.

What is debt management?

Debt management can be the easiest and quickest solution to your debt problems. By taking out a debt management plan you are making a positive and assertive step in dealing with your debts.

We will then act on your behalf to negotiate regular payments to your creditors. This means you no longer have to deal with creditors (the people you owe money to), bailiffs or anyone else demanding money.

Moneymeans understands that being in debt is hard enough and can cause sleepless nights. Right from the beginning we ease this stress by stepping in and taking responsibility for all contact between you and those to whom you owe money. This means no more calls from the bank, the credit card company, the loan company, the store card, the bailiffs or anyone else demanding money.

An agreement based on these negotiations is made between us and your creditors. This will normally involve freezing the interest on your debts and arranging a more realistic repayment scheme that takes into account your current financial situation - what you can afford. The creditors then make arrangements with us to stop contacting you and thereafter they deal solely with us as your third part representatives. From the very beginning of our negotiations with your creditors we make it clear how much you can afford to repay and for how long. This is the start of your debt management plan and the end of your debt.

Debt management is a great alternative to IVA’s and Bankruptcy

• It is an informal plan with maximum flexibility;
• You can increase or decrease your payment plan as your life situation changes.
• You can choose to leave out creditors from the plan or add them on later. 

We will negotiate with your creditors to agree reduced payments based on what YOU can afford.

THEN - Our team of claims investigators will look into all your credit agreements and focus on finding out if you are entitled tohave any money refunded,

• through unfair bank charges (possibly going back up to 6 years)

• Unenforceable credit agreements,

• Unclaimed payment protection premiums.  

This means for the fee you pay a normal debt management company you can receive MORE!

Is a debt management plan right for me?

A debt management plan is suitable for the average person with debt. A different solution may be required depending on your specific circumstances. This will be discussed with you after your first contact.

• Do you have assets?

• Do you struggle every month to make ends meet

• Do you have more than £1000 worth of unsecured debt.

If so you will probably qualify for debt management. If it seems that simple it probably is.

Please note that by unsecured debt, we mean an amount owed that is not secured on an asset that belongs to you. For example leases and some loans are often secured against your home. Therefore these cannot be included in a debt management plan.

Other types of debt that are not included are:

Secured loans
Leases (property)
Hire purchase
CSA / Maintenance arrears
Current property Rent arrears
Current years Council Tax arrears
Student Loan repayments

Copyright 2009 Moneymeans Limited.
Lymgold Ltd t/a Moneymeans - Consumer Credit Act License 520698 : Registered Office: 1st Floor, 37 Commercial Road, Poole, Dorset BH14 0HU
Correspondence address: Arrowsmith Court, Station Approach, Broadstone, BH18 8AT : Company Registered in Engalnd and Wales under company number 04394241