What is debt management UK?
Whilst there are slight differences in the legislation governing Insolvency practice around the UK (particularly true of Scotland), Debt Management UK is considered to be reasonably consistent, irrespective of where the agreement originates from.
This is because Debt Management is an informal agreement between you and your unsecured creditors. Informality means that your creditors are not legally obligated to agree to the revised terms and can pursue other legal methods of recovery if they wish to.
For information on what Debt Management Services do, see what do debt management services do.
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.