Debt Information Management Personal
The Citizens Advice Bureau (CAB) dealt with an average of 4,760 personal debt problems each day during 2008. Financial difficulties, creditor harassment and deteriorating health are troubling experiences, each inextricably linked to personal debt. Is a debt management plan or a Debt Relief Order the right debt solution for tackling financial difficulties?
Who is a Debt Solution Suitable For?
Growing personal debt problems mean that identifying a debt solution, such as a debt management plan or Debt Relief Order, is now essential. Whilst a debt management plan can be chosen by both home owners and tenants, a Debt Relief Order can only be pursued by the latter. The eligibility for a Debt Relief Order is also more stringent meaning that many individuals with personal debts won't qualify.
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