If you are looking for a debt solution to fit your needs, then the question of how much debt you have can make a big difference to which options will be applicable to you. Some debt solutions have minimum and maximum amounts.
A Debt Management Plan is an agreement between you and your lenders/creditors and doesn’t need an Insolvency Practitioner to set up.
For many of us, debt is a fact of life. If we want to purchase more expensive items like cars or mobile phones, then we can only do this with a finance agreement or a credit card. If you take out any kind of credit agreement, then debt management can become a very important part of your personal finances. There are several examples of debt management that, if followed effectively, can prevent you from losing control of your finances.
