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The Pros and Cons of Debt Management Plans Explained 

MoneyNerd
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People facing debt: Could you write off some debt? Get started here: moneynerd.co.u...
Struggling with debt and unsure about your legal options? Get online legal advice from a UK solicitor for just £5, potentially saving you a fortune in the long run. Click the link: justanswer.9pc...
The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

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29 сен 2024

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Комментарии : 7   
@MoneyNerd
@MoneyNerd Год назад
Struggling with debt and unsure about your legal options? Get online legal advice from a UK solicitor for just £5, potentially saving you a fortune in the long run. Click the link: justanswer.9pctbx.net/c/2873512/2107196/9320
@SuccessMindset2180
@SuccessMindset2180 24 дня назад
Debt management plans are fast pace oriented
@nathaliecalvin
@nathaliecalvin Месяц назад
I used to work for a debt management company called DMCC in Fort Lauderdale, they are a small office but they were amazing! I used to translate for Haitian families. We helped so many people not only improve their credit but also buy a house soon after. They used to also send me to the homeless shelter to teach Financial Literacy. They’re a nonprofit organization so most of their services are free. I think they just moved their office to downtown Fort Lauderdale but they’ve been around for like 20 something years and probably the most trusted debt management company in Florida…
@lilmamma807
@lilmamma807 Год назад
Hola, so with a dmp you stop making payments to the creditors directly?
@MoneyNerd
@MoneyNerd 11 месяцев назад
Hello @lilmamma807! A DMP provider will speak with the creditors in their client's behalf. Find out more in this useful article: moneynerd.co.uk/debt-management-plan-pros-cons/ Hope this clears up any questions.
@justagirl707
@justagirl707 9 месяцев назад
If I get a dmp for my credit card debts but I don't include things like clear pay and zilch, will I still be able to use them?
@MoneyNerd
@MoneyNerd 9 месяцев назад
Hi, Just a Girl! You should be able to use Zilch and Clear Pay provided you're not in debt with them while under a DMP. Additionally, you should disclose it to your creditor or DMP provider. Here's an article that provides more information about DMP and its finer details: moneynerd.co.uk/debt-management-plan/
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