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Ans.You are not forced to be served till the end of your program as you are not bound to legal issue. You are free to leave the programme whenever you feel that you don't need any further assistance.

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Ans. In future, if you want to leave the program you can do this just by giving a notice of two weeks. There will be no extra charge for leaving this program. We will first inform to your creditors. However, it is your own loss as we give some concession in the fee in last six month to our clients who complete the program. So, you can leave the program in future.

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Ans.Yes, you can do so with the consent of your lender and debt management company. Because there is no legal binding one can change the amount paid as an instalment according to his changing financial condition.

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Ans. The main objective of debt management program is to solve your current financial problem by providing you an opportunity of paying lower monthly payment.
This monthly payment is fixed according to your ability to pay. We don't want you to struggle while making your payment.
But if the conditions change in the future then because of flexible nature of debt management program you can make change in your monthly basis payment according to your financial condition. All the terms and conditions will then be revised again according to your ability to pay.

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Ans. Our website mainly focuses on the unsecured credits and non priority debts of the borrowers.
So, we can help you in dealing with your unsecured credits and non priority debts such as your personal loans, credit cards, overdrafts, catalogue debts.
We will provide you an opportunity to manage all your debts. We will first analyse your financial position and then you will be provided with the most suitable offers according to your financial ability.
The monthly basis payment and the time period for repaying the outstanding debts will also be determined accordingly.

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If your bank account is in one of your creditor's bank then it is highly recommended that you should change the bank. Having your account in your creditor's account may incite your creditor to take out money when your wages are paid into your current bank to compensate it against what you lent. Hence try to avoid the bank of your creditor.

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Ans.Since, there is no legal binding agreement for debt management program, you can do it without any fear. You can even set it by yourself, apart from taking any professional help. You can start it by determining the amount you pay for normal bills and your debt instalments. Deduct it from the amount you earn and keep the rest to pay for your creditors. Besides that you can deduct some of your useless expenses till you pay off all your debts.

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Ans. The solution mainly depends on the problem. First of all your financial position will have to be checked. Each solution has some drawback as well as benefits, and under standing it is the important part of choosing which debt solution is right. Thus, it is all about keeping a fine balance between your choice and need.
So, first of all you have to tell about your real financial position so that we can provide you the best solution.

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Ans.The debt management company take the details of your debts, income and outgoings. Further they determine that how much you are left with. Accordingly they figure out an amount that you can pay as an instalment. Then they make a conversation with your creditors and negotiate to settle down at lower repayment or ask for freezing APR. You then have to make joint payment to your debt company, they distribute it further among your creditor. Payment continues till you clear all your debts.

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Ans. You will get conformation as you will be receiving statement from your creditor time to time. It will show the balance of your debt, date of payments and other relevant information.

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Ans. After making contact with your creditors we assure them that they will be paid their money on monthly basis. We have our good relation in this field. Our ability and dedication to the work and the experience in this field make them sure about their repayment. Although they are not obliged to freeze interest or reduce the amount of repayment but we surely convince them for the monthly payment arrangement.

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Ans. Definitely you can do this . We are here to make an agreement with your creditors on your behalf. So, the main focus will be on you in all this process. Because of the personal reasons people hesitate to talk with the creditors. Whenever you face a hostile situation such as your relationship with creditors sours or you feel unable to meet their unjustified demands, we make sure that when we step we take all the burden from your shoulders and help you get out of the trouble.

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Ans. Our debt management program is designed to improve your credit score in the mind of creditors. This program enables you to pay your debts conveniently.
Remember, your credit score can only get damaged if you do not pay to your creditors properly. But we are providing you an opportunity to pay all your debts.
So, be free from this fear. It will help you in improving rather than damaging your credit reputation.

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Ans.It is an informal arrangement of easing off the repayment schedule of debts. There is no legal binding between you and your creditors while you are under debt management program. All is arranged and negotiated by a chosen Debt Management Company who works on your behalf. They play the role of a middle man whereby they try their best to reduce the regular monthly payment of the borrower. One is suggested for debt management when handling of debts becomes a troublesome task.

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Bankruptcy is the situation which states your inability to pay your creditors. It is a stage when your outstanding financial obligations exceed your total capacity to pay-back the debts. In the case of bankruptcy, your assets are used to raise the funds to repay your creditors.

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IVA stands for individual Voluntary Arrangement. This is assumed the best alternative to bankruptcy for an individual.
It is an arrangement with the creditors to solve the debt problem of the individual. Under this agreement a borrower has to pay an agreed amount that is fixed according to the financial condition of that person. The term and condition can be changed in future.

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Ans.Debt management do not involve any legal binding and hence, you may keep on getting phone calls and warning letters. It will gradually decrease once lender get assured that you are paying all your instalment on time and regularly.

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