Archive for October 4, 2006

Debt Management Program UK

Debt Management: What is It

Debt management programs just manage your existing debts in a way well suited to you. This type of program is mainly beneficial to those who have already borrowed a huge sum from the creditors and are facing difficulty in repayment. When a person opts for debt management program, it becomes the responsibility of the concerned debt management company to manage the existing debt of the client.

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Debt Consolidation + Refinancing = Debt Relief

The usual means for reducing debt exposure is contacting a consolidation agency or negotiating debt yourself. Debt consolidation implies contacting lenders and agreeing with them new repayment programs with lower monthly payments. This result can be achieved either by reducing the amount of money charged on interests or by extending the repayment schedules.

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