Hai,
I am Sakitha.
How do you know whether a Debt Management Plan is right for you?
A Debt Management Plan at the debt counselling UK team is a debt solution for the following types of people:
* Anyone who has unsecured debts that they can't afford to repay.
* For people who have lots of equity in their properties but do not want to remortgage or take out a secured loan.
* For people who do not qualify for an Individual Voluntary Arrangement (IVA). This would be for people with debts under £12,000.
* For people that owe money to only one or two different companies.
* For people who do not want their wives, husbands, partners or spouses to find out about their debts.
* For people that just need a short term solution to their debts. For example they will be selling their house shortly so can pay off all their debts.
People, who can, if they really push themselves, pay their debt in full but don't want to change their lifestyle.
* People who just don't want to deal with their debts and would rather use a third party to do it.
* The debt counselling UK team will only recommend debt management for you if you have no other choice.
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