What is debt management?

A debt management programme is a repayment plan that's specially designed to reduce your monthly debt payments and get you out of debt as fast as you can realistically afford. The plan is based on your affordability and leverages existing government legislation to ensure that you are left with payments you can make.

• We will negotiate with lenders on your behalf, ensuring that they accept lower monthly payments

• We will handle all communication including phone calls and letters to and from your lenders

• All that you have to do is make one affordable monthly payment, and leave the rest to us at the credit wizard

What are the benefits of a Debt Management plan?

• You will get yourself  out of debt permanently  at a pace and payment you can afford

• Consolidate and repay  multiple debt payments with one easily affordable monthly payment

• We will get your creditors to freeze or reduce all interest and charges

• Stop those annoying and stressful demands from  and contact from your creditors

• Take total control of your debts and there repayment without the need for an additional loan

• Get a clear, affordable pathway out of debt and back to prosperity

Plus, you'll get a contact point for all the financial assistance you require, right up to the very day your debts are repaid.

Whenever you call us, you will speak with talk to your own finance manager, who is there every day to answer your questions and tackle any issues that pop up.
Is a debt management plan the right plan for me?

• Do you need to reduce the amount of your monthly payments?

• Do you want professional help to deal with your debts and your creditors for you?

• Do you want to clear your debts in the shortest possible time, without a loan?

If so, debt management could well be the right solution for you and your debt problem.

Call us now on 0845 643 2954 to speak to an advisor and to find out more.
How does Debt management work?

• You tell us what you can reasonably afford to pay to your lenders each and every month

• We will negotiate with them to  ask for acceptance of lower payments

• We will negotiate with them to freeze interest and charges, so you're more paying off the debt itself and not just funding the interest

• We will deal with all written and verbal correspondence with your creditors

• You just make one truly affordable monthly repayment to us, and we'll handle everything else

How much will I pay each month?

It depends on exactly what you can reasonably afford.
You tell us what you earn each month, what you owe to your creditors and how much you require to live on, so we can then help work out what you can realistically pay towards your debts each month.
As long as your creditors see your payments are reasonable (we will deal with all these negotiations for you)- there is an excellent chance they will accept the proposed lower payments.

No one can 100% guarantee that they will accept lower payments, or agree to stop interest and charges, but...

• We have spent many years working  at the forefront of the credit industry

• We enjoy really good relationships with all off the  major UK lenders, which have been honed over a long period

• We are one of the UK’s major debt management and debt relief companies

• Many thousands people are currently clearing their debts with our help

Plus, our charges are less than many of the other debt management companies.
In other words, The credit wizard is in a position to negotiate on your behalf and get a result that you can afford -and that your lenders can agree to.
When will I be debt-free?

It all depends very much on how much you can reasonably afford to repay towards your debts. Remember:

• If your lenders agree to freeze or reduce interest and waive their charges, this can slash the time it takes you to clear your debts because all of your repayment comes directly of the balance outstanding.

• We will make sure you don't commit yourself to an unrealistically high repayment plan so you will have every chance of success.

• Feeling under pressure to agree to repayments you can't afford will only set you back if you can't keep them up over time.