What is a debt management plan?
A debt management plan is an informal agreement between you and the unsecured creditors you owe money to.
A debt management plan looks to reduce the amount you pay on a weekly / monthly basis, towards your debt, to enable you to pay your priority debts and living expenses comfortably. Usually, only one payment is made, per week or month, which is then distributed between all the different creditors based on how much is owed to whom. If you are using a company, like GW, to act on your behalf, this is all done for you.
It couldn’t be easier to find out how a debt management plan will reduce your monthly payments and lead to a debt free future. See what you could save now!