A Debt Management Plan is an informal agreement with one or more creditors to repay the outstanding debt over a period of time. The reduced amounts will be negotiated between you and the creditor to find a suitable amount that can be sustained over a period of time that is also realistic. The purpose of a debt management plan is to ensure that all unsecured lending is repaid.
Advice from independent experts can be helpful in resolving conflicts and restructuring payment plans to keep all parties content. Commercial debt management is best suited to unforeseen short-term issues where working collaboratively with EWS and our experts to help bring the best result for all involved.