Littlehampton, United Kingdom (PressExposure) October 16, 2009 -- People find themselves in debt for a number of reasons and in most cases it is not because they have been reckless or extravagant but is often due to a change in personal circumstances such as redundancy, separation, divorce or illness leading to loss of income.
There comes a point when the letters. phone calls and home visits from creditors can often have a major affect on health and relationships but trying to deal with individual creditors yourself becomes daunting.
The Debt Support Company will set up a Debt Management plan to help you gain control of your debts without the need to borrow more money which often makes matters worse.
The Debt Management plan repayment will be based on what you can realistically afford and will be based on your income and expenditure. The Debt Support Company will negotiate the lower payments with your creditors and are often able to have interest and charges either frozen or reduced so that payment goes towards reducing the debt.
The monthly payment is made to The Debt Support Company who will distribute individual payments to each creditor. The monthly payments are re-evaluated on a regular basis to ensure any changes to your situation are taken into account.
Mike Hendry Operations Director said " The most important aspect of a Debt Management Plan is the personal service we offer to our clients. They need to be able to call and speak to the same individual who knows their circumstances and is able to either deal with the issue or offer a reassuring voice so the customer always feels back in control of their life".
For a free initial no obligation consultation please call 0800 043 3939 or visit our website.