How does a debt management company control your debt?

A debt management company controls your debt by:

- Working with you to agree an affordable monthly payment

- Contacting your creditors individually to agree a reasonable repayment structure

- Dealing with correspondence (all you do is send all debt letters to the debt management company and they deal with it)

- Logging all your creditors and figures into their debt management software, thus ensuring that payments are made to the creditors on a monthly basis with no slip ups and exact records maintained of all payments and balances

- Sending letters of confirmation to all creditors outlining agreed repayment amounts and periods
- Sending you regular statements

- Advising you how to manage your monthly payments when debts are starting to get cleared off

- Being available to you for advice at all times

- By reducing their monthly fee in line with any reductions in your monthly repayment