Advantages and Disadvantages of Debt Management

• Helps you pay your debts in one affordable monthly payment

• In most cases interest and charges are frozen

• Fully flexible payments can be increased and decreased with circumstance changes

• You don’t have to deal with the creditors as we take care of this for you

• Should you be able to find a lump sum then creditors may offer a full and final settlement that we negotiate for you

Disadvantages

• Will affect your credit rating if it has not already been affected

• Debt Management will take longer to clear your debts

• Not all interest and charges will necessarily stop  (although in 90% it does)

• The ability to obtain further credit will be affected 

For free help with your debt management please call us on 0800 010 6506 or email us at Debthelp@hamiltonassociates.org.uk