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Debt Mangement Firm UK
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Abacus are a UK Firm offering a Debt Mangement Service. Our Debt Mangement program can reduce your monthly bills by up to 75%, clearing all existing credit cards, loans and other debts by replacing them all with one single lower monthly payment.
A debt consolidation loan is usually the first solution that most people consider to consolidate debt, but this is not always the answer, we have several alternative solutions that will consolidate debt. Whether it's credit card debt that needs to be sorted, or just debt reduction, Abacus Debt Management can offer a solution.
We will negotiate with your creditors, to help reduce your current payments, to a single affordable monthly payment. Apply now and we can help to reducing your outgoings within days.
- Your enquiry will be free of charge
- You'll be under no obligation.
- All correspondance will be strictly confidential.
We will find a comfortable payment for you, giving you just one cheque to write each month. Once we receive your payment, it will be dispersed to your creditors. Key points of out service are:-
- You will not go further into debt -
- Your monthly payments will be reduced.
Debt can be a burden. You may be considering bankruptcy as the only solution. Bankruptcy, however, leaves a long-lasting mark on your credit report, and consolidating your money problems requires you to pay back 100% or more of what you owe in interest.
Abacus debt management is pleased to offer you an effective alternative service to help solve your debt problems using this debt consolidation method. Our firm's debt management programme is the alternative that looks out for your best interests and helps you regain control of your cash.
Let us manage and consolidate your debts, so you can get on with managing your life.
Our advice is FREE, the call is FREE, - you are under no obligation.
How Can I Consolidate My Debt Without a Loan ?
Debt consolidation is a process by which we negotiate with all of your creditors to obtain the lowest monthly obligation needed to satisfy all of your current accounts.
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If you make monthly repayments to multiple creditors, one option is to apply for a debt consolidation loan. The principle behind this is that you borrow a large, lump sum to repay your creditors and are then left with one creditor and one monthly repayment. The idea is that the repayments on this single, larger loan will be lower than the sum you are currently paying. For instance, if you have four different credit cards you might be paying an average interest rate of 16.9%. It is possible to get a credit card debt consolidation loan for the combined total. The interest rate on that might be about 9.9%. Thus, making a saving on your monthly repayment.
A debt consolidation loan can help many to reduce their payments for credit cards, loans, hire purchase, etc. It works very well if you can easily afford the repayments and are just looking for a way to simplify things and bring down the interest rates.
However, there are many people that struggle to meet the repayments each month. Some of these even find that their outgoings each month exceed their income. For these people, a debt consolidation loan is probably not the answer. If a person is in debt, taking out another loan to pay their other loans is not the answer. A small reduction in their monthly repayments will not make a significant difference in allowing them to break out of debt. In cases like this a debt management plan may be more suitable. This will also consolidate all your repayments into a simple monthly payment but it does not involve taking out another loan.
What is a Debt Management Plan?
Debt Management is a system to help those in debt become debt free. Our Debt Management Plan is a simple, systematic way of dealing with your debts. Not only can it reduce your repayments but is also takes the stress of dealing with your creditors away and can stop them from taking legal action against you.
We operate a 'single payment' plan whereby our clients pay us a single, monthly fee and we then distribute this between each of their creditors. This means all your debts are consolidated into one single, affordable payment. Not only are they consolidated into one monthly payment, in almost all cases we can reduce the total amount you pay each month by up to 75%. This is due to the fact that your creditors know you have a debt management company working on your behalf and we can work on your behalf to get the creditors to lower or freeze your interest rates. Also, you no longer have to feel harassed by your creditors; from the day you sign up with us, we will handle all communication with your creditors.
The simple payment you pay is based on your income and expenditure. This means that legitimate living expenses such as mortgage, phone and food are removed from your income so you only pay what you can afford.
Who are we?
We are Office of Fair Trading registered and are licensed debt adjusters. We are also data protection registered. This means that we are qualified to give quality, confidential debt advice and credit counselling. We have an experienced team and we pride ourselves on providing quick and effective debt management solutions. We operate on a national basis throughout the UK. We deal with debts ranging between £3000 and £250,000.
Next step?
If you think you need debt management, or if you are still not sure whether you want a debt consolidation loan or a debt management plan, please contact us. We offer free debt advice and are qualified to give confidential credit counselling. We look forward to assisting you.
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