A Self Help Plan is the easiest and most straightforward solution to reduce monthly debt. It means taking charge of your finances and working out your income against your debt to create a realistic repayment model that works best for you. It also involves contacting your Creditors directly. A Self Help Plan is ideal for people with smaller debts and a regular income.
A Self Help Plan can only work if you are realistic and self-disciplined about your income and repayments. You can enter a Self Help Plan by making a schedule of total debt and determining a realistic payment structure. This requires a high level of discipline when it comes to making payments and spending within a budget. You will need to put forward a proposal for repayment to your Creditors and work within the terms set out by this agreement.
A Self Help Plan may be the ideal debt solution if:
Call 0141 227 7730 for the best advice on how to establish a Self Help Plan.
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Brought to you by Peter Dean
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Peter Dean has helped thousands of people with quality money advice, through Your Debt Expert.
Peter Dean is one of the most highly-qualified and experienced debt solutions professionals in Scotland. He established Carrington Dean in 2001 following a distinguished financial career in which he became a Partner with one of the world’s leading accountancy firms and a recognised insolvency expert.
Peter is a Fellow of the Chartered Management Institute, a Fellow of the Association of Business Recovery Professionals, a Member of the Chartered Institute of Arbitrators, and a Member of the Insolvency Practitioners’ Association.