Why Pay for Debt Management
when it can be Received for Free?
Debt management is a complex field and therefore anyone who is looking at one of the solutions associated with debt should take as much advice as they can before proceeding with their choice. There are, of course, a number of organizations out there – such as the Citizens' Advice Bureau – who offer free advice on the subject, however, some people will choose to hire a Debt Management company to run their Debt management plan and they can legitimately ask: why should I pay for this?
The basic theory behind paying for a Debt Management company to help you is simple – you are paying for the time of trained professionals who do this all day, every day. As private companies they have strong resources (systems, experience, manpower etc.) to help you with your debt problems and you can benefit from their advice and guidance. They deal with thousands of cases every year and have doubtless seen situations liek your before. Specifically, they can offer the following benefits:
Deal with trained professionals
When you speak with an agent at a Debt management compnay you are speaking wth someone who has been professionally trained in that role and who deals with cases like yours for a living. With that experience comes a huge benefit to you, the client, in guiding your decisions so you can enter and exit your Debt Management Plan as swiftly and painlessly as possible. In the long run, this wisdom could save you far more.
Benefit from established relationships
When you are looking for help with debt management, you need to work with someone who has a good number of connections throughout the financial world. Companies that specialize in this field have built up these relationships over time – with different utility companies, with banks, with credit card companies and with various other groups as well. This means that they can use this relationship to both expedite the process and also to gain favourable rates and agreements. In short, they know the people they need to talk to in order to sort out your debt problems.
Debt management Companies do all the work
Once you sign up for help with debt management the firm you engage will deal with all the logistics of the arrangement. Creditors will be contacted, letters written, agreements drafted and it's all done for you. This is a convenience issue and you can trust that it will be done right. Again, this could well be worth a lot to you in the long run if costly mistakes are avoided.
Companies specializing in this field will work with you all the way. Not only does this reduce stress, but it also ensures that everything is set up quickly and that there are no avoidable hold ups.
Keeping an Eye on You
Now this might sound slightly ominous, but in reality it is incredibly prudent to have someone who knows what they are doing looking over your shoulder periodically. A company will review your case every six months or so to ensure that everything is going well, and should they need to make changes they will suggest them to you. If you've fallen into debt once already, there is arisk you may do so again. This is reduced if you have someone keeping an eye on you.
Helping you move on
While keeping an eye on how you are going about coping with debt, a company will also offer advice on how you can start rebuilding your credit rating and get your financial life back on track. This is very important, as it means that you can come out of your problems with a completely clean slate and know that you are on a level playing field with everyone else in the country.
To re-iterate again there are free services out there that can assist you and you should certainly talk to your local Citizens' Advice Bureau but a professional debt management agency could well be an investment in your future that is well worth it. If you would like further advice, please either complete our brief application form opposite or call us on 0845 1260350