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Debt Management Plan

If you are struggling to meet your monthly repayments to your creditors, a debt management plan could be the answer to your problems by making a single affordable monthly payment. Get in touch with Basik Money today and find out how we can help.

Basik have partnered with a number of regulated third party debt specialists who are best able to provide guidance and advice in relation to which debt solution may best suits your needs and circumstances. Basik will obtain your details and put you in touch with one of these debt specialists. This service is provided at no cost to you.

If you decide to proceed with either an IVA or a Debt Management Plan with one of our specialist and regulated partners after we have referred you, Basik will receive an introduction fee from our partners for referring you to them

Are your struggling with your debts? A debt management plan is a great option for you

Basik Money will provide you with debt advice and put in touch with a Debt Management provider. Get in touch with Basik Money today to find out how we can help you.

What Is A Debt Management Plan?

A Debt Management Plan (DMP) is a solution for those who are struggling to make repayments to creditors they owe money to. A DMP allows you to pay back your debts with a single monthly payment that is affordable to you, after all your household bills and essential living expenses are paid. This single payment is shared between your creditors allowing you to clear your debts at a lower monthly cost. Fill in your details below and one of our debt advisors will talk you through your options to clearing your debt.

Advantages & Disadvantages

Advantages

  • Agree on a monthly household budget so you only pay your creditors what you can afford
  • Use your DMP to get your household bills paid and up to date as a priority

Disadvantages

  • Your creditors may still contact you
  • Most creditors will stop interest and charges as a gesture of goodwill, but some may not
  • Your credit rating will be affected
  • Making less than contractual payment may result in the customer paying more over a longer period of time
  • Add payments made into a Debt Management Plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on a customer’s behalf

WE COULD HELP YOU

FIND THE BEST DEBT SOLUTION

Is It Right For Me?

We always advise that you speak to a qualified debt advisor before making any decisions on handling your debt. Our team of qualified advisors are here to give you advice and answer any questions you have, before making a final decision. Just one call to Basik Money today could help you find a better solution to clearing your debts that you haven’t thought about.

Other Debt Solutions

If a Debt Management Plan is not what you want, have a look at some other ways we can help to clear your debt;

Why choose Basik Money?

At Basik Money it’s all in the name: we make finding the right financial solution simple, easy and effective. Basik Money take great pride in being directly authorised and regulated by the Financial Conduct Authority. Which means that we adhere to the highest standards of advice for our clients. Our approach is transparent and simple – if you’re not accepted for a solution, there’s nothing to pay.

Customers can also get free debt counselling, debt adjusting and provision of credit information services from Money Helper, an organisation set up by the Government to offer practical advice to those in debt.

WHY CHOOSE BASIK MONEY?

  • FCA Regulated

    We are fully authorised and regulated by the FCA.

  • Industry Experts

    Our fully qualified advisers will explain everything to you in terms that you understand, ensuring that you have the best chance of acceptance for the finance option that is right for you.

  • WHOLE OF MARKET APPROACH

    At Basik Money, we search the entire market to find only best lending, insurance or debt options available to you.

  • EXCELLENT CUSTOMER FEEDBACK

    Don’t just take our word for it, read our customer reviews on TrustPilot.

GET A QUOTE NOW

Basik have partnered with a number of regulated third party debt specialists who are best able to provide guidance and advice in relation to which debt solution may best suits your needs and circumstances. Basik will obtain your details and put you in touch with one of these debt specialists. This service is provided at no cost to you.

If you decide to proceed with either an IVA or a Debt Management Plan with one of our specialist and regulated partners after we have referred you, Basik will receive an introduction fee from our partners for referring you to them



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