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Debt Management - Getting Back in Control
Debt Management - putting you back in control of your debts
Debt management can be an excellent solution to your debts, but it will depend on your individual situation. For example, an IVA (Individual Voluntary Arrangement) or another debt solution may be of more help.
When considering debt management, you should also be aware that unlike an IVA (Individual Voluntary Arrangement), it is not a legally binding agreement. There may be other debt solutions available that are more suitable for your debt.
How debt management works
With debt management, you agree to pay a regular amount each month to a debt management company. This company then negotiates new repayments with your creditors, usually at lower repayments but over a longer period. The key thing is to be sure that you can afford the new repayment levels so that you don't just add to your problems.
Best Advice Model
ABefore you take any course of action, you need to take a detailed look at your individual situation. You need to use the RIGHT solution for your particular case. Whether this is an IVA, consolidation loan, management plan, remortgage or, as a last resort, bankruptcy, the course of action you take needs to be based upon good, solid information.
More Resources
Debt Management News Hungary Fails to Meet Debt-Sale Goal as Interest-Rate Bets Drive Up Yields
Hungary failed to raise the planned amount of debt at an auction today as growing concern the central bank may raise interest rates dampened investor demand.
UKDMO UK Regulatory Announcement: Issue of Debt
LONDON--(BUS INESS W IRE)--PRESS NOT ICE RESULT OF THE SALE BY AUCT ION OF £3,750 M ILL ION OF 5% TREASURY STOCK 2014 The United Kingdom Debt Management Office ("DMO") announces that the auction of £3,750 million of 5% Treasury Stock 2014 has been allocated as follows: (Note: all prices in this notice are quoted in pounds and pence) 1. All bids which have been accepted at the lowest accepted price ...
MoneySolve link up with TrigoldCrystal
Money Solve is the latest debt management company to sign up to TrigoldCrystal’s panel of debt management partners.
AKK raises sale as demand jumps at three-month T-bill auction
The Government Debt Management Agency (AKK) sold HUF 60 billion of three-month discount T-bills at an auction on Tuesday, raising its sales as oversubscription rose further. Despite continued strong demand, yields rose for the second auction in a row.
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