Debt Management
Debt Management
Action Today offers debt management services that support and give guidance by reviewing clients' financial positions and suggesting an appropriate cause of action to help them. In most cases it is not wise to refinance existing debts and our solutions are based on helping our clients to make their debts manageable. Our debt management is a tailored service that will help your regain control of your finances by:
- Reducing your monthly repayments to your creditors.
- Establishing a low single monthly repayment that you can afford.
- Dealing with your creditors and associated paperwork.
- Giving you one point of contact by assigning you a personal advisor (Client Liaison Officer)
- to manage your case and provide help and guidance.
Are you eligible for the the Action Today Debt Management PLUS+ Plan?
Our Debt Management PLUS+ Plan gives you all the benefits of Debt Management with the additional benefits of being able to reduce your overall debt value, therefore reducing the time to clear your debts. More about the Action Today Debt Management PLUS+ Plan
You have a cancellation right which is sent out in the written information sent to you. You are also entitled to a 'cooling off' period, which ends seven working days after you receive your contract documents. If you change your mind during this cooling off period any monies paid will be returned to you with no charge being made.
Advantages of Debt Management
- Monthly payments are calculated by assessing your disposable income (the amount you have left when all your essential expenses have been paid from your income)
- We work on your behalf to aim to freeze or reduce the interest on your accounts
- It is not public knowledge that you are on a Debt Management plan
- We will deal with all of your creditors, negotiating on your behalf and dealing with any paperwork you receive
- If your circumstances change a Debt Management plan can be re-assessed to make the repayments more affordable (you can increase or usually decrease your payments if needed)
- As standard we will review your Debt Management plan every six months to check if you have had any changes to your circumstances and to check for any other, more appropriate repayment methods if they are suitable
- You are not tied in to a fixed repayment term on a Debt Management plan
Disadvantages of Debt Management
- You will have to pay your debts back in full and because you are paying less than the contractual repayments, it will take you a longer time to repay the accounts
- We cannot force creditors to accept offers or freeze interest.
- Creditors may still take court action against you.
- A Debt Management plan will affect your credit rating because you are breaking the contractual repayments on the accounts.
- We are a fee charging company therefore we will deduct a monthly management fee to run your Debt Management plan
Not sure which solution is right for you?
Call free now for expert advice on
0800 092 6350 or send your details
Request a callback
Need to speak to someone about your debt?
What's the cost?
We make it plain and simple so you can be confident
Your first monthly payment covers our implementation costs. After that, our ongoing administration charge is 15%. This is included in your monthly payments - not added on.
