Self Debt Management Plans - Deal direct with Creditors

Self Debt Management Plans or Dealing Direct with your Creditors

  • Whilst you may think you are saving money, struggling on in the long run to manage debts YOURSELF could end up costing you more!

For some people it is very obvious that their personal debt has become a problem but for others it isn't quite so obvious. In the same way, dealing with problem debt yourself (self debt management) isn't quite as straightforward to manage as most people would think.

  • Initially, managing your debts yourself or to deal directly with your creditors would certainly seem to have it's attractions and potential benefits. E.g. cutting out the middle man, saving some money and being able to negotiate with your creditors yourself.
  • Whilst in some cases these things may be true, the pitfalls and drawbacks of self debt management plans could massively outweigh the benefits of trying to manage the debt yourself.

As with anything in life that you don't fully understand, it is the simplest thing in the world to find yourself being taken advantage of or worse!

  • Managing the debt yourself or self debt management plans, means you have to deal with the barrage of creditor letters, phone calls and visits whilst perhaps not fully understanding the law appertaining to personal debt collection procedures.  You will also have to deal with the creditors yourself which will mean you are not getting impartial advice.

You are totally at the mercy of the good nature of the people you find yourself dealing with!

  • Why spend your time trying personal debt solutions? Why struggle learning how to deal with your creditors / debts and then waste further time and money doing things under self debt management plans you 'think' are helping you? Allow a professional debt management consultant like Lewis Alexander Financial Management help you through the entire process.

As professionals, Lewis Alexander has your best interests at the fore front of all we do for you whilst you get on with other things.

If you would like further information about self debt management plans or other forms of debt consolidation help, please contact us FREE on 0800 018 6868

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