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Debt Management Plans and Debt Consolidation

Debt management helps you repay your debts in a way that’s affordable. There are many unique plans which we tailor to our clients needs to give them the best option for helping them become debt free.

Commercial Debt Management Plans.

This is where you contact a debt management company and provide them with details of your debts to each creditor. The company will then negotiate with the creditors on your behalf, handling any evidence required to confirm you are unable to afford the current repayment levels and starting the journey to becoming debt free.

You will then have just one affordable monthly payment to handle. This is paid directly to the debt management company who will distribute your monthly payment amongst your creditors. Whichever creditor to whom you owe the most will receive the largest percentage of your disposable income bring you closer to being debt free.

In the vast majority of cases the debt management company will have an arrangement with creditors which enables them to freeze interest payments upon entering the payment plan.

Debt Consolidation

Debt consolidation is very similar to debt management. With consolidation in certain case we will pay off all our clients debt after negotiating with their creditors to bring down or even freeze the interest which leaves the remaining debt left for our client to pay back to us at a much lower rate.

With debt consolidation it comes down to the debt management companies relationship with all the loan and credit card companies. Here at Debt Advice Ireland we have fantastic relations with all the major creditors. Which means becoming debt free isn't as far away as you might think.

Complete our request a FREE call back form and one of our advisors will call you to discuss your debt management options. Get on the path to becoming debt free.