Debt Management Companies - 2020

Posted by Debt Support Service on March 16th, 2020

Living under the burden of huge debt is a formidable place to be in. If the balances on your credit cards have crossed their limits, you probably know very well how much that debt can cost you. Do not let debt control your life and push you into a corner. You can have a life which is free of debt! But you have to be vigilant as there are quite a few people out there promising to resolve your money problems with the snap of their fingers just like the get-rich-quick schemes. Debt did not become your lifestyle in just a day so it is going to take a while to get yourself back up. Seeking help from an accredited nonprofit agency offering debt advice the UK is your first step towards becoming debt-free.

Here we explain how you can find relevant debt advice in the UK. Good debt management companies can take control of your debt and be able to set up a plan to get you back on the right. The debt management companies deal with debt by sitting together with the debtor to chalk out a budget based on their monthly income and expenses. This is then included in one regular bill payment and distributed across the creditors. At Debt Support Service we are here to help, advise and guide you on the best debt solution for your situation either through a Debt Management Plan or a different debt solution.

Not all debt management companies are able to execute a debt management plan. For a company to provide debt advice UK, it has to be fully authorised by the FCA. Debt Support Service can be found on the FCA Register by simply typing in our FCA number, which is 659964.

Debt management companies can also arrange for a deal with the creditors to freeze the interest rates of the consumer. They work with your creditors to lower your monthly payments by executing a well-organised repayment plan that often freezes interest rates and reduces any fees or penalties. However, the actual amount of the debt itself doesn’t change. At Debt Support Service we request that all your creditors freeze your interest and charges.

Debt advisers provided by these companies should be certified and trained in debt management. At Debt Support Service, we offer fully trained and skilled advisers. They have an extensive track record in the industry and are capable of giving appropriate and relevant debt advice within the UK. Not all debt is the same and this is why it’s always important to look for debt advice in the UK that is flexible and which offers plenty of different routes for many different circumstances.

Some of the free services for debt advice UK, are:

• Online debt advice services
• Telephone debt advice services
• Face-to-face debt advice services

Online services are safe and secure and you can get quick, personalised help. Some of the services are available 24 hours in a day.

In a telephone debt advice services you can speak directly with an expert adviser. Services are available all weekdays and Saturdays.

For face-to-face and local services you can set up a face-to-face appointment and speak to an expert adviser in person.