Debt Management
We know that debt is always the worst nightmare. We understand that in today’s economic situation, a change in financial circumstances is not because people have been reckless or even careless, but it is often the result of a change of circumstances. These circumstances, such as loss of income through job changes, divorce or separation, illness or death of a family member and other life-changing events, can put almost anyone into serious financial trouble, much faster than even we think. Most of our clients contact us after attempting to keep up the repayments for a long period, but without any success.
There usually comes a point when they realise that they must take some unexpected action, or they will never see an end to the phone calls and letters from the creditors they owe money to. Their debts are often increasing daily with added interest and charges. And their payments are not actually reducing the balance.
A debt management plan will put you back in control without borrowing more money (experience shows that this can just make things worse). Your debts will be repaid as quickly as possible with only one payment to make along with a realistic chance of getting your interest and charges frozen.
Am I eligible for a Debt Management Plan (DMP) and is it right solution for me?
A common question that many people ask these days: Is the Debt Management Plan the right solution for me? And am I eligible for it?
Let’s have a look! First of all, congratulations! If you are reading this page, you are already actively researching ways to responsibly eliminate your debt and begin to create the financial future you desire.
Please know that ACME Credit Consultants Ltd will do everything within our power to provide you with the needed support to get from where you are now to exactly where you want to be financially.
In order to determine the Debt Management Program (DMP), you should consider whether any of the following situations apply to you:
- You have good or decent credit, and you are regular on all your bills, but you are overextended. You might be able to pay the minimum due on your accounts every month, or sometimes even send a little extra, but never enough to make any significant progress towards eliminating your debt.
- You are just beginning to fall behind in payments, or you can see this will be the case soon if you do not reduce your expenses.
- You're already completely out of your depth. Your unsecured debt accounts have been turned over to collection agencies or are late. Creditors are ringing you on a regular basis, and your credit score has suffered as a result.
If you fit into any of these scenarios, then the ACME Debt Management Program is probably an ideal choice for you to take back control of your finances.
Debt Management Plan
With a Debt Management Plan (DMP), your debts are repaid to creditors on a pro-rata basis over an agreed period. This payment is determined by the amount you can reasonably afford after your normal cost of living has been deducted from your income. And it will be presented to your creditors by us. Creditors are not obliged to agree to the Debt Management Plan, but they are more likely to accept it once they have been made properly aware of your true position.
Once your creditors have agreed to a DMP, it is your responsibility to continue paying the agreed payments to their administrator. Normally, the debt management company that drafted the plan will ensure that these payments are distributed promptly, on a pro-rata basis, to all creditors until the plan has been successfully completed.
Each DMP should be regularly reviewed, especially to consider whether creditors would accept an early settlement. Once a DMP is completed, you will be considered debt free and able to make a fresh financial start.
Acme Credit is fully authorised for its debt management plans. Our debt administration team will always supply you with detailed time and fee calculations on new file setup and file review operations. Please read and understand these before approving them.
Debt Management Benefits
We are proud to offer our DMP, the quickest way and most efficient way to become debt-free without damaging your credit. By enrolling today, you can take advantage of important benefits that will help you get on the road to a financially secure and debt-free future.
You pay only what you can comfortably afford
Tailor-made to suit you
Your Creditors Are Handled by Us
We handle all the paperwork, communicate with your creditors directly, and negotiate reduced repayment terms on your behalf.
No Harassing Phone Calls & Mails
We Aim to Freeze or Reduce Interest and Charges
The interest and charges on your account will be frozen or reduced. It means that a larger portion of each payment goes toward the principal, and you won’t be charged those expensive late and over-limit fees (which add up quickly!!).
If you are struggling with debt problems and need to set up a debt management plan, contact us today and get a personalized debt management plan for your needs and situation. We also provide free debt advice and free appointments with confidential services
