Debt management facts
Consolidate Debts
Do you have an unsecured debt of less than £15,000? Are you struggling to meet your monthly debt repayments? Are you thinking of taking out a new loan to cover your existing debts? Think twice!! Taking out a new loan will only aggravate your debt problems. There are better alternatives, may be, a debt management plan could the right thing for you. A debt management plan provides you an opportunity to consolidate all your unsecured debts into a single and more affordable monthly repayment.
How it Works?
Only after reviewing your financial situation thoroughly, RedHouse Debt signs you up for a debt management plan. We help you create your budget plan to determine what you can reasonably afford to repay after deducting your normal cost of living from your income. RedHouse Debt then presents this to your creditors and negotiates with them to lower your interest, freeze further charges or waive off certain existing debt. Creditors are not obliged to agree to the debt management plan, but they are more likely to accept it once we make them aware of your financial situation. You deposit your monthly payments with RedHouse Debt, which we pass to your creditors until the debt management plan is successfully completed.
Right Debt Solution
Carol lost her job and was out of work for several months. She began living on credit and the debt grew to £15,000. The fact that she had just started a new job and has recently had a period without work meant that she couldn’t opt for an IVA. She contacted RedHouse Debt for a free debt advice. As the payments in a debt management plan are flexible, it was the right debt consolidation solution for her.
Advantages of a debt management plan
Therefore, a debt management plan helps you take control of your debts without any new loan. Once a debt management plan is completed successfully, you are considered debt free. In addition to the fact that it provides you more time to make your debt repayments, it also maintains your privacy with respect to your financial situation. Furthermore, RedHouse Debt ensures that your creditors do not take any legal or recovery action while you continue to make your regular payments enabling you to lead a stress free life.
RedHouse Debt
So, if you have financial problems stemming from too much of debt or your inability to repay your debts, then come to RedHosue Debt. We offer free and customized debt management advice on managing your money. Our expert debt advisors help you develop a personalized plan to solve your debt problems only after reviewing your financial situation thoroughly. We understand that we are handling your most sensitive financial information; therefore, we have safeguards in place to protect the privacy of this information and prevent misuse.
| Debt Advice |
 A quick call to us will give you expert advice on debt help |
| Debt Management |
 Be sure to chose the right debt management programme for you |
| IVA |
 Find out everything you need to know about IVA |
| Debt Help |
 Are debt problems taking a toll on you? Are you in need of debt help? |
| Debt consolidation |
 Debt consolidation brings all the debts under one umbrella |
| Remortgage |
 Remortgage is an excellent debt solution for homeowners |
| Debt solution |
 RedHouse Debt offers confidential, debt solutions and advice to help you |