Atlantic Financial Management

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Setting up a Debt Management Plan with Atlantic

24/03/2010

If you're interested in setting up a Debt Management Plan here's what to do.

Firstly, we need to know about all your income and outgoings. We do this with a document called a statement of affairs. And we can complete this with you over the phone.

All our advisers are understanding, discrete and trained to prepare your statement-of-affairs in a common format understood by your creditors.

We'll then work out how much money you need for living expenses each month as well as your priority payments, including any arrears.

From what's left we'll calculate what you can afford to pay to all your unsecured creditors.

We also have an expert legal support team who can help you deal with any court actions you may be facing, such as CCJs.

Once you've agreed with our calculations we make proposals to each of your creditors to arrange your new repayment schedule.

We'll also see if they will freeze any interest and charges they're making on your debts – we have a very good record of doing this.

This is where we can really make a difference –it's quite common for people to have missed payments or only be paying the minimum contractual payments on credit card debts – and that would take decades to clear these debts.

There are set-up fees for creating your DMP and then a monthly management fee.

All you have to do is make your payment to us – from this, we pay each of your creditors and deduct our monthly management fee.

And we send you a monthly statement so you know exactly who is getting what.

We offer a wide range of payment methods, including a Prepaid Current Account.

And you'll have a Personal Case Manager throughout your DMP who will help you with any queries or advice whenever you need it.

We'll also arrange regular reviews with you throughout your plan.

With Atlantic Financial Management - it couldn't be simpler!
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