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Debt Advice and Solutions

SingleDebt have helped thousands of customers in Europe and India, that’s
why we’ll only ever suggest a debt management solution that we know, is
right for you.

Debt Management Plan

One of the solutions that SingleDebt is offering is a payment plan that will let you pay off all your unsecured debts in one affordable rate. This is called a Debt Management Plan (DMP) which SingleDebt will set up and manage with all your creditors. This Debt Management Plan is for unsecured debts, which are debts that have not been secured against your properties or assets. Typical examples are personal loans, credit cards, education loan and bank overdrafts.

SingleDebt will establish the right amount of monthly payment in your consultation and if you decide to join us we’ll then propose with your creditors to accept affordable payments. From our experience, most creditors tend to agree with these as we explain your financial circumstances to them.

Once SingleDebt completed their reconcile and set up all relevant payments with your creditors, we start receiving your regular payment which we then distribute to your creditors, as agreed.

Key features

  • You'll only pay what you can afford each month
  • We’ll reduce your monthly repayments to an affordable level
  • You’ll only repay your debt to multiple creditors with a single, comfortable monthly payment.
  • Whatever your situation is, we can help you
  • In some cases interest will be frozen
  • We will deal with your lenders on your behalf
  • You won't have to deal with creditors, we do that for you
  • We handle all communication from your creditors on your behalf
  • We can help you become debt free so that you can get your life back on track

Your Debt Management Plan term will depend on your debt level and your single monthly payment that you can afford towards your debts. You will have a dedicated Lawyer and advisor to manage your account, who will manage your plan every step of the way during your term.

Is a Debt Management Plan Right For Me?

When you are struggling with debts, it’s often difficult to know what to do, what solutions are available and who to turn to for help. Making the decision to seek help is often the most difficult but also the most important step in taking back control of your finances. If you are struggling with unsecured debts (loans, credit cards, education loan, overdrafts), finding it more and more difficult to keep up with the monthly payments then a Debt Management Plan may be right for you. One of the key benefits of a Debt Management Plan is having all monthly payments consolidated into one single monthly repayment. It may also be possible to freeze interest and any other additional charges in some cases.