Is there any such thing as government debt management?
There is actually no such thing as government Debt Management, although all Debt Management companies in the UK must be listed on the Financial Services Register as they are subject to regulation by the Financial Conduct Authority.
All debt management plans are informal agreements between you and the people that you owe money to. The plan can either be administered by yourself (if you have the time available), a registered debt charity such as Debt Advice Foundation or a commercial Debt Management company.
If Debt Management is appropriate for your financial circumstances, Debt Advice Foundation will recommend a non-fee charging plan (see do all debt management companies charge fees). Also see what should I look out for when choosing a debt management company for more info.
You can read more about Debt Management and whether it is suitable for your situation in our Debt Management section.
Debt Advice Foundation is a registered UK charity offering free, confidential support and advice on any aspect of debt, including Debt Management. If you need to talk to someone about Debt Management or would like to discuss the alternatives, please call to speak to an adviser.