Why Debt Management Plans May Be Your Best Option for Getting Out of Debt

People facing debt: Could you write off some debt? Get started here: moneynerd.co.u...
If you're struggling with debt, it can be challenging to determine the best solution for your financial situation.
In this video, we'll discuss different examples of how people used debt management plans to pay off their debts at an affordable rate.
We'll take a look at three cases, each with unique circumstances and see how debt management plans were able to help.
The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

[@MoneyNerd]

Just a heads up for everyone in the UK: Some of us can legally write off some debt! Here's a 5-step form to find out about the options available - moneynerd.co.uk/debt-form/