Debt Management Plans

The goal of a Debt Management Plan is to agree more affordable monthly payments as well as concessions, such as a freeze on interest, between you and your creditors.

If you choose to start a Debt Management Plan with us we will contact all of your unsecured creditors and negotiate with them on your behalf to agree affordable monthly repayments. You would then make this monthly payment to us and we would distribute it to your creditors based on the terms of our agreement with them.

Is it really free?

Absolutely! Many companies charge fees for Debt management plans but ClearStart pays 100% of your contributions to your lenders and we even pay the last two contributions for you. These are the best terms in the UK - not even charities can match them.  For further information on this offer please read our Terms & Conditions

Crucially, ClearStart is not funded by the banks, credit card providers or other creditors.  It means we will recommend a Debt Management Plan only when it's the best choice for you, and we will work hard to negotiate a fair deal with creditors to help you to become debt free. ClearStart does not have to meet any debt management plan quotas, so you can be sure that the services and advice you receive is independent.

It is important to note that a debt management plan is not legally binding and does not often give a final settlement to your debts, although there are exceptions to this.  Debt management plans can be very effective, however, for many people.