Debt management is a way of managing unsecured creditors. If you have unsecured debts that you can not cope with debt management can help.

Debt management uses an accepted formula to calculate how much you can afford to pay in total for all of your secured debts. When you pay into the plan your monthly contribution (after plan costs) is divided on a pro rata basis between your creditors.

Normally in the process your creditors will agree to freeze interest payments. however please be aware that a plan of this nature will afffect your credit rating. However it may not cause as much damage as defaults or county court judgements which you may get if you miss payments on credit agreements.

Heron Way Associates is proud to refer its clients to Brilliant Solutions for Debt  management.

Debt management is not regulated by the FSA