Debt Collection Vs Debt Managment

When going about their daily business, the employees at Release Money Group often remark on the number of people that are puzzled at the difference between debt collection and debt management.

As a quick explanation to help to educate our customers, here are the definitions of debt collection and debt management.

Debt Collection – Debt Collection is defined as a business that pursues payments on debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.

Debt management – Debt Management or a debt management plan (DMP) is a repayment scheme which helps make unsecured debt repayments more affordable. Normally a third party debt management company negotiates with your unsecured creditors to reduce your monthly payments to an affordable level. The outstanding debt is paid back over a longer term but is not reduced.

Debt Release Direct

From time to time, many of us experience problems concerning debt management and find ourselves in need of debt help or simple debt advice. If you find yourself in a similar situation, it pays to speak to a professional, and fast, because getting the right advice and taking action can prevent debt management issues from escalating further.>/p>

Debt Release Direct is part of Release Money Group, and ensure suitability of advice by having qualified debt experts available to advise you. For debt help and advice regarding debt management and debt consolidation, Debt Release Direct provide high quality, professional guidance and effective debt management plans and solutions. We are proud of the financial services we deliver; and we’re confident that you could benefit greatly from our assistance.

As a founding member of the Debt Resolution Forum (DRF), Debt Release Direct are helping to promote professional debt management standards and are spearheading the adoption of the professional Cert-DR qualification in debt advice. Our debt advice and professional debt services are available through face to face, telephone, or online communication, and our experienced, friendly and helpful team are standing by to provide expert debt management and debt consolidation information; and support you in strictest confidence, with no obligation.

If you qualify to write off unsecured debt in an IVA, we refer you to our in-house insolvency practice Varden Nuttall Ltd, which is the UK’s top-rated insolvency practice by customers on IVA.com and in top-3 2010 lists by creditor representatives TIX and KPMG.

Debt Solutions : We Can Offer…

Debt Release Direct is an appointed representative of Release Money Limited which is authorised and regulated by the Financial Services Authority for mortgage and insurance mediation services.

IVAs

  • IVA Advantages
  • Is an IVA right for me?
  • What happens next?
  • How we can help?
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Bankruptcy

  • Bankruptcy Advice
  • Disadvantages of Bankruptcy?
  • What to do next?
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Debt Management Plans

  • Is a Debt Management Plan right for me?
  • What are the benefits of a Debt Management Plan?
  • How does a Debt Management Plan works?
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Trust Deeds

  • Is a Trust Deed right for me?
  • What are the benefits of a Trust Deed?
  • How does a Trust Deed work?
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Testimonials

  • "I was worried and stressed at first with all the telephone calls and letters I was getting, but now feel like Debt Release Direct has taken the weight off my shoulders. I like the fact that in Debt Release Direct I have always got someone to talk to who puts me at ease"T.V. - Harlow
Debt Release Direct Limited 2011 © Debt Release Direct, Release House, Bury, Lancashire, BL9 7JR. Tel: 0800 019 7465 Fax: 0844 826 2134
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