Debt Management Plans (DMP)

Burgess Bowen Financial Management will provide you with debt assistance including:

• Repayment plans that are tailored to your individual needs
• We will speak directly with your creditors giving you peace of mind
• Our experts will give you confidential help and advice
• We could potentially reduce or freeze interest and charges.

At Burgess Bowen Financial Management we understand the importance of a one-to-one debt management service. We always aim to tailor a plan to suit your personal circumstances.

We understand how easy it can be to become further ingrained in the debt cycle and we are here to help you with your own individual debt management plan.

Our Services

At Burgess Bowen Financial Management we understand everybody's financial position is unique, and therefore, our aim is to formulate a plan that is individually tailored to suit your circumstances. You may require time to consider your options, it is for this reason we will send all the relevant paperwork after you have discussed your options with your Personal Finance Manager. Burgess Bowen will always strive to find you the most appropriate debt solution & it is important to understand our initial debt advice is completely free. However, a fee may be payable depending on the debt solution recommended; You can see our Terms and Conditions here. We liaise closely with our industry contacts with the aim to reduce your monthly payments.

What if I decide not to go ahead?

We understand that this decision can be important & you are under no obligation to enter into a debt solution, however, In line with the Consumer Protection (Distance Selling) Regulations 2000 you may cancel the DMP at any time. If you decide not to proceed you have a cooling off period for seven days to cancel your agreement, after accepting our terms & conditions.

I'm worried about my credit rating?

As with all repayment plans where you reduce your contractual monthly payments to your creditors, your credit rating will be affected in the short term, it may also be affected in the medium to long term.

About Debt Management

If you qualify for the Debt Management Plan, Burgess Bowen will consolidate all of your unsecured debts into one, more manageable monthly payment. Your monthly payment to the debt management plan is calculated on your disposable income, this way it ensures that coping with your financial contributions to them is easier. We will negotiate with your creditors to reduce or freeze interest and charges. If your creditors do not freeze or reduce interest and charges, this will lead to an increase in the time to pay off your debts and total amount repaid. You must make sure that you continue to make your payments in full towards any mortgage, other secured loans, your utility bills and Council Tax payments. However, we will take these payments into account when we work out your disposable income in the debt management plan.

An individual, tailored approach

At Burgess Bowen Financial Management we pride ourselves on taking an individual, case-by-case approach to your debt problems. We will assign you a Personal Finance Manager who will be there with you every step of the way, and will be your first point of call should any debt problems arise. They will deal with your case, gaining an understanding of your personal situation and therefore advising you as best they can on a personal basis.

At Burgess Bowen we have expert staff with extensive experience in financial management and skills in helping people with their debt worries. Whatever solution we recommend, honest debt advice is at the very heart of the service we provide.

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