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One of the solutions that SingleDebt is offering is a payment plan that will let you pay off all your unsecured debts in one affordable rate. This is called a Debt Management Plan (DMP) which SingleDebt will set up and manage with all your creditors. This Debt Management Plan is for unsecured debts, which are debts that have not been secured against your properties or assets. Typical examples are personal loans, credit cards, education loan and bank overdrafts.
SingleDebt will establish the right amount of monthly payment in your consultation and if you decide to join us well then propose with your creditors to accept affordable payments. From our experience, most creditors tend to agree with these as we explain your financial circumstances to them.
Once SingleDebt completed their reconcile and set up all relevant payments with your creditors, we start receiving your regular payment which we then distribute to your creditors, as agreed.
SingleDebt will establish the right amount of monthly payment in your consultation and if you decide to join us well then propose with your creditors to accept affordable payments. From our experience, most creditors tend to agree with these as we explain your financial circumstances to them.
Once SingleDebt completed their reconcile and set up all relevant payments with your creditors, we start receiving your regular payment which we then distribute to your creditors, as agreed.