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Apply for a homeowner debt management plan
you may also be interested in a debt management program
A debt management plan is an informal arrangement between you and your creditors handled by a professional debt management company and will allow you to make your monthly mortgage payments and general living expenses whilst repaying your debts at a level you can afford.
- Make one single monthly payment to your unsecured debts
- A debt management plan will allow you to meet your mortgage payments
- household living expenses and monthly mortgage payments accounted for
If your struggling with debts and have a mortgage to pay contact us today for free, confidential advice tailored to your needs
Will a debt management plan make paying my mortgage easier?
Yes, when people are struggling with debts its often the case that the creditor who shouts the loudest gets paid first, sometimes at the expense of missing mortgage payments - a debt management plan (DMP) will take certain expenditure into account, such as mortgage payments and day to day living costs before we work out your creditor payments ensuring you can maintain a reasonable standard of living whilst repaying your debts responsibly.
A DMP isn't a loan and will not mean you borrow any more money, put simply it will allow you to make one single payment to your unsecured debts each month.
Will a debt management plan have an adverse affect on my mortgage?
A debt management program won't harm your current mortgage, the fact is that if you are struggling with debts and have missed payments a debt management plan will help make things easier as the payment to your creditors will be what is genuinely affordable and if you have previously missed mortgage payments due to trying to meet your normal contractual payments to other creditors a management plan will help you meet your mortgage payments each month as we will take these into account when we work out your new payment.
I want to apply - what should I do?
Applying for a debt management plan with Baker Financial couldn't be easier - simply complete the enquiry form on this page and we will call you back or telephone 0845 094 2331
