Debt Management

Debt Management Explained

Red 2 Zero always offers confidential advice to help you find the best solution to help you resolve your debt issues.
We assign you a fully trained personal debt advisor who will talk you through all possible options and create a Debt Management plan to help you get back on your feet.

We can help you if;

• You have overstretched credit limits, loans or overdrafts
• Your monthly expenditure exceeds your monthly income
• You are using credit cards to pay off other debts or items previously bought with cash
• You have had a consolidation loan refused
• Your circumstances have changed due to a divorce, separation, bereavement, loss of job or overtime.
• You feel like no one is helping you

Benefits of a Debt Management Plan.

The 7 key benefits of a debt management are:

1. Just one affordable monthly payment to make. No more juggling payments in an attempt to keep chasing creditors at bay. We look after all negotiations distribute payments to your creditors on an equitable basis.
2. Freeze Interest and Penalty Charges. We will provide professional representation to ensure the most favourable terms are achieved so that your payments go towards reducing your debts rather than being swallowed up in interest charges.
3. Stop unwanted letters and telephone calls. You can refer letters and phone calls to us and we will deal with all of your creditors, collection agencies and solicitors.
4. Avoid Court Actions and Bailiffs. Most lenders prefer to be receiving regular payments via DM Plan rather than pursuing legal alternatives.
5. Reduced Final Settlements. Our professional negotiators will achieve the best possible reduction of outstanding balances for clients who find themselves able to raise sufficient capital to clear outstanding debts
6. Flexibility. We monitor your Debt Management Plan If your circumstances change, you may be able to lower or raise your payments accordingly or decide you no longer need our services. There is no binding contract.
7. Affordability. No more struggling to find money you have not got.

Is there anything else I should know?

There is a 7 day ‘cooling off’ period from the date you accept our Terms and Conditions or the date of your first payment is received if this is earlier. Your initial fee is refunded if you choose not to continue with your plan. If this is the case your ability to obtain further credit in the short term is likely to be affected.For further information, please see our FAQ page

The Next Step

Debt solutions should be carefully considered and we will always endeavour to provide you with the best advice. Simply fill in your details on our contact form and we will get in touch. Alternatively call our advice line on 0845 308 2664 to talk to a fully trained advisor.

Financial Information

Fees will be charged if a solution is taken so we can set up and maintain your debt management plan. Any fees will be outlined during your consolidation. For more information please visit our FAQs section. Red 2 Zero complies with the Consumer Credit Act and you have a right to our 7 day cooling off period.