debtrest Ltd

City centre Manchester M1 Debt Management, Debt Advice, Debt Management, Debt Advice, Debt Consolidation, Debt Solutions.Debt Problems,
Bad Debt. I V A, Bankrupcy.

Introducing Debt Management & the IPA
Debt management is an informal process of negotiating with your creditors for the freezing or reduction of interest, extension of repayment terms or the writing off of part of your debt.

Debt Resolution Services can provide debt management services (our debt management service is called and Informal Personal Arrangement or IPA).

The main advantages of using informal debt management are:

Creditors generally encourage customers who are facing a debt problem to engage in direct communication with them and are often willing to freeze interest and even accept a debt repayment proposal that includes the ‘writing off’ of a portion of the debt.<
Although defaulting on your credit agreements and entering into an informal arrangement to repay your debt will invariably impair your credit record, no formal IVA (Individual Voluntary Arrangement or bankruptcy order will be recorded.
Informal debt management is quick and quite simple as it only involves making contact (usually in writing) with your creditors and following up written requests until a satisfactory conclusion is arrived at.

This business is featured in:

Debt Management