Debt Management Programs are sold by hundreds of debt management companies in the UK. But did you know that you can get a debt management program for nothing. That's right. No set-up fees and no monthly management charges.
When you're in debt you're often just happy to have your creditors off your back and your debts made affordable. The idea that you're paying too much for the service often doesn't enter your mind. So before you do another thing we'd like to save you a lot of money by telling you that free debt management plans are available and then introduce you to a debt charity that organises them.
Some Facts About Debt and Debt Management Programs
- There are 3.4 million UK adults in serious debt
- The average debt is £25,115, although 9% of people have debts of over £60,000
- 91% are paying off credit card debt
- Women are even more affected by serious debt than men, with 75% saying they are not sleeping because of debt-stress, compared to 61% of men
- Despite these high levels of stress, 15% of people still have not talked to anyone about their debt problems
- Almost 48% of people in serious debt pay for their debt solution, although there are lots of free alternatives
- A fifth of people on debt management programmes will take more than 10 years to pay them off
- Over 10 years, average charges add almost 20% to the cost and nearly 2 years to the repayment period
- The suffering caused by debt stress and the unnecessary fees often paid can be avoided
Our Mission Is To Find You The Best Debt Management Program
- To stop those is debt waiting month or years before talking to a trusted professional advisor
- To stop those is debt being sold expensive debt management plans and instead helping them get access to free alternatives.
- To get anyone struggling with debt to Talk About Debt and not suffer unnecessarily
Our Solution To Your Problem
To ensure that you get the right debt management advice, we provide free access to carefully screened, reviewed, debt advisors who provide unbiased debt advice. This helps those in serious debt to avoid advisors who charge excessive fees or feel it is reasonable to extend the period individuals are in debt beyond what is reasonable and logical.
Why A Free Debt Management Is Best For You
If you want to become debt free you want 100% of the money you repay to go towards paying off your debts. There are lots of different ways paid-for debt management companies make their money, but you'll normally find it works out at about 15% commission. If you repaid £25,000 at £450 a month, you'd be paying £67.50 a month to the debt management company and it would take 10 months longer to repay your debt! We therefore recommend your find a debt management service that is free by using our debt smart search.
Talk About Your Debt With A Professional
It's enormously hard to face up to a debt problem, and sometimes even harder to share that problem with loved-ones. Often people delay dealing with the problem. Sharing a debt problem with a trained advisor can be the first step in solving that problem and for many it is the first time they have shared their financial concerns with anyone else. Find the right advisor for you by using our debt smart search.
