If you are struggling under the weight of your debt, but cannot obtain a debt consolidation loan (maybe through lack of equity), then you might consider Debt Management as a solution.
A Debt Management company will restructure your finances with you, negotiating with your creditors to arrange lower repayments, and finally taking a single lower payment from you and paying your creditors on your behalf.
Consolidation or Management?
With a properly arranged debt management plan, you will end up with all the benefits of a Debt Consolidation loan (a single, lower monthly repayment) without taking out yet another loan to pay for it.
Debt Management is therefore ideal for those with serious debt problems, and a bad credit rating that prevents them from obtaining a debt consolidation loan.
Where to apply for a Debt Management Program
Debt Sorter offer a no obligation debt management service, with a short online application form where you simply answer seven questions, and they will call you back to discuss your options.