Debt management help

One single affordable monthly payment
Clear your debts without any loans
Reduce or freeze interest and charges
Stop creditor action
Regain control of your finances

Clear your debts with one affordable monthly payment

At Debt Reducers, we understand debt. More to the point, we know how to put that understanding to work - on your behalf.

Our Debt Management Programme can provide you with a realistic, affordable path to a debt-free future. Talk to us and we'll negotiate with your lenders for you, aiming to:

Reduce your payments. You only pay what you can afford.
Reduce your charges. We ask your creditors to freeze or reduce interest and charges.
Reduce your stress. By handling all letters, phonecalls and negotiations with your lenders.

At Debt Reducers, we have built strong working relationships with the credit industry, and whilst they are not obliged to, we will negotiate with your creditors to freeze or reduce the interest and charges on your accounts wherever possible.

If you're struggling to stay on top of your payments, we can make sure you have the funds you need for your priority debts (your rent / mortgage, utility bills, etc.) by reducing the cost of your non-priority debts - e.g. credit cards, personal loans & overdrafts.

Apply for free debt advice

The personal approach to customer service

Imagine a company where you could speak to the same person every time you call.

At Debt Reducers, that's what you get. As soon as your Programme starts, you'll have access to your Personal Finance Manager - your own financial expert, ready to share their expertise, offer advice and help solve any financial problems that come up while you're with us.

We pride ourselves on providing a service, not a 'product'. That's why your Personal Finance Manager will play such an important role in your Programme. Keeping a constant eye on your progress, they'll provide all the confidential, personalised support you need to make your Programme a complete success.

Conditions apply. Repaying debt over a longer period may increase the total amount to be repaid. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term. Fees payable. Calls may be recorded for training and quality purposes

Debt management FAQs:

What is debt management?

A debt management plan is an arrangement between you and your creditors which allows you to repay your debts with a lower and more affordable monthly payment.

How can you help to deal with my creditors?

When you enter into a debt management plan with us, we will negotiate for reduced monthly payments on your behalf. We may also be able to negotiate a freeze or reduction in interest and other charges, meaning more of your lower payment goes towards reducing your balance.

Once your debt management plan begins, we will also handle any correspondence between you and your creditors.

Will I have someone to help me all the way?

On our debt management plan, you will have your own Personal Finance Manager (PFM), who will act as a point of contact between you and your creditors, as well as answering any questions you may have throughout the duration of your debt management plan. Whether it's regarding your repayment plan or any other financial concerns you may have, your PFM is there to help.

How does the process work?

It starts when you go through your income and expenditure with us, so we can calculate how much you can actually afford to put towards your debts each month, after you've allowed for your essential expenses (mortgage/rent, food, utility bills, etc.). Once agreed we'll negotiate with your lenders to try to agree on a repayment plan, you simply make a single monthly payment to us and we'll distribute it as agreed.

We'll take care of all paperwork and phone calls - and you'll receive a regular statement, showing you where you stand with your debts. We'll also go back to your lenders regularly to renegotiate your repayment plan as and when any change in your circumstances makes this necessary.

How long will it take to pay off my debts?

This can vary, based on how much you owe and how much you can afford to pay each month once your essential costs (e.g. mortgage/rent, food and utility bills) have been covered.

It will take longer to repay your debts if you reduce the amount you pay each month, but your debts can be much easier to manage on a month-to-month basis.

We'll aim to keep your payments affordable whilst helping you repay your debts in the shortest possible time.

What will I get with my debt management plan?

As well as your own dedicated expert taking care of your debt repayments, we can offer the following benefits:

A scheduled repayment plan
All communications with your creditors taken care of by us
Regular updates and ongoing communication regarding your repayment programme
6 monthly review of your situation

What if I get paid weekly, four-weekly, fortnightly?

You can make your payments in line with how frequently you get paid, if you like. This won't affect your programme at all. Your programme will be tailored to your individual circumstances.

Is debt management right for me?

A debt management plan might not be the best solution for everyone. In certain situations, some people may decide to go bankrupt or enter an IVA. We always advise that you speak to an expert, who will be happy to go through the available options.

Apply for advice

Mrs S, Scunthorpe says this about Debt Management:"You can all be very proud of your skill, expertise, diplomacy, and professionalism of the highest standard I have had the pleasure to enjoy in a situation that for me was a total mess with my finances. The way this account was handled was second to none and you enabled me to start a new life."

Mrs S, Kent says this about Debt Reducers: "I just wanted to say a HUGE thank you to you - it makes me cringe when I think about how I could have gone on struggling for the rest of my life! You have no idea how much of a relief this is!"

Mr P.M, Kent says this about Debt Management: "You've given me back my peace of mind. I've got someone I can talk to who helps me to relax and gives me light at the end of the tunnel!"