Self Help Plans

What is a self help plan?

The easiest and cheapest way to get out of debt is by contacting your Creditors directly and by negotiating with them yourself.

Please download and read the following from our file bank to get a clear idea of what needs to be done:

How to calculate your budget

You may also find the following documents useful:

Hold Action template
Reduced Action template

Advantages

1. Self help plans are completely free to set up and operate.
2. You are in control of your debt – you decide what is right for you.

Disadvantages

1. You must have self discipline to ensure you stick to your plan.
2. Creditors may be unwilling to acknowledge receipt of your plan and could continue to add interest to your debt.
3. You may feel alone and isolated attempting to solve your debts. Other debt solutions we offer will allow you to share your worry with a specially trained debt advisor.
4. Your credit rating may already be damaged and will continue to be affected.