Mojo Finance

Debt Management

Debt Management is an option available for people with high outgoings who are struggling to manage their repayments and can't get a loan to consolidate these. By utilising a debt management scheme you are able to cut your monthly outgoings by up to half and only make realistic repayments. Your payment will be calculated
based on your left over income after all of your essential living expenses have been taken out ensuring that you only pay back what you can afford.

Your debt management service provider will ensure your payment is distributed to all of your existing creditors (the companies that you are in debt to) and make sure these payments are managed effectively and kept up to date.

How will you benefit?

Only One Payment.

You only make one single payment to us which we then distribute to your creditors taking the hassle out of debt repayments.

Reduced monthly payments.

By consolidating all of your debts via a debt management company you are able reduce your payments to a suitable amount that is both affordable and convenient for you. This payment will be calculated after all of your essential bills have been paid such as rent and food meaning you only repay what you can afford.

No hassle from Creditors.

We deal with any letters or phone calls you receive from creditors meaning you no longer have to deal with them.

Flexible Payments.

You are free to make changes to your monthly payments depending on your personal circumstances – reducing or increasing the payments accordingly.

Never incur a late payment charge again!

Your payments can be reduced or even future interest frozen so there is no need to fall behind on payments.