Debt Services from AMS
The AMS Pledge To You
- All creditor correspondence is dealt with on the day it is received
- We get back the same day to all of our clients when they call in
- We will work around the clock to freeze interest payments and charges
- We will never breach your confidentiality
No One Does Debt Management Like Assured Money Solutions:
One single affordable monthly payment
Reduced or frozen interest and charges as our goal
Everything we can do to stop demands from your creditors
Regular statements via letter, telephone, e-mail or SMS – you tell us
In Debt? Don’t Panic
When times are hard and making payments to your creditors is a real struggle it makes sense to let Assured Money Solutions assess your financial position and put you back in control and solve your money problems.
We will negotiate with your creditors to accept a payment you can comfortably afford and we will keep you informed with regular statements.
You will not lose your house
You can keep your vehicle
Your financial details are not publicised
If you think a Debt Management Plan is right for you then call free on 0800 612 2472 and speak to one of our debt counsellors who will arrange a free consultation either in the comfort of your home or work or at our offices in Nottingham. Please also listen to our radio show on debt management where you can listen to the AMS Debt Dr give you some really useful information on how a debt plan can help you manage and solve your money worries. We cover everything from credit card debt in Nottingham to store card debt in Derby and everything in between. Credit card debt is a particular cause of major worry for many of our clients, use our search tool facility on the right hand side of this website to find out specific information on any subject you want, including credit card debt.
We would also really like to take this opportunity to recommend you to visit the insolvency services FREE information and advice on “dealing with debt”,so please follow this link.
For a total transparent view of our fees then please scroll down the page. We look forward to helping you get out of debt with the right debt solution for your own particular unique set of circumstances – stay calm, try not to get too anxious, together we can solve your situation and together we can look at some long term solutions.
For our clients that live outside of the East Midlands – Nationally we can conduct our whole service by post and via phone contact, your calls to us are entirely FREE of charge. We take care of all of the paperwork and will get working on stopping “those” calls from your creditors with immediate effect. We have dealt with clients from all over the UK and from all walks of life, your long term financial welfare is our main concern. If you require a face to face visit wherever you live in the UK we can arrange for that as well.
So if your looking to consolidate your debts with yet another loan we say please STOP. There is another way; debt consolidation does not mean that you need to look out for another loan.
OUR FEES
At AMS we are transparent in everything we do. Our fees work in the following way and are clearly laid out in our terms and conditions which your counsellor will take you through step by step. Our fees are some of if not the lowest you will find in our sector. As you will find in our mission statement we want a long term relationship with all of our clients. If we work hard for our clients and charge a fair fee structure our clients will stay with us and we will help get our clients out of debt and back in control of their finances.
As a fee we take only the first payment into the debt management plan in full, we do not charge a fee that is based on your debt level or ask for any upfront additional fees for setting up and administering your debt management plan other than the money that is paid into your plan. In months 2 and 3 and whilst we are setting up the debt management plan and whilst negotiations are taking place to agree reduced payments and interest and charges being frozen with creditors we pay £5 to every creditor. If there are 8 creditors we pay £40 etc etc , the rest is taken as our fee. So the important thing to understand is that there are no additional upfront fees, the fees are taken from the monthly disposable income calculation which is calculated prior to any payments being made for unsecured credit.
From month 4 all of the money paid into the debt management plan goes to the creditors apart from the monthly ongoing administration charge which is 14.99% per month of the debt management payment. E.G. If your payment into your debt management plan was £150 our fee would be £22.49 per month. The minimum amount you can pay typically into your debt management plan is £100 and the minimum monthly administration fee is£20 per month subject to a maximum charge of £90 per month.
If we are able during the lifetime of your debt management plan to negotiate full and final written settlements with any of your creditors we charge 14.99% as a fee on any savings on any settlements that we make. For example if you have a debt of £200o with a particular debt collection agency and we settle that debt in full on your behalf for £1000. We would charge you 14.99% of the £1000 saving that we save you i.e. £149.99
If you have any question on any aspect of our fee structure or any questions at all please contact our team free on 0800 612 2472 and we will do our very best to answer them.
A debt management plan can in the immediate short term increase the level of your indebtedness (as the fees are taken in the first 3 months), and creditors are not forced nor can they be guaranteed to freeze interest. However as part of our pledge in our Customer Charter to you we will do everything in our powers to negotiate the freezing of interest as part of your debt management plan. It is also worth noting that a DMP can effect your credit rating for a period of up to 6 years, however remember in a DMP you are making payments,albeit reduced so this is a far better option that receiving County Court Judgements; CCJ’s which will seriously make it more difficult for you to obtain credit moving forwards…….but do you want more credit? That is a very good debate and conversation to have together. Now have a look through the pro’s and con’s of debt management plan and see our terms thank you.
Debt Management Pros
Your home will not be at risk as long as you keep up with payments
Monthly payments become affordable
Your friends and family won’t have to know as it’s not a public process
We will deal with all of your creditors
Interest is in the majority of cases frozen
You have access to help and support and guidance if creditors contact you
Debt Management Cons
Creditor’s cannot be guaranteed to not contact you
Its informal agreement and therefore not legally binding
A DMP can take a long time to complete to become free of debt
The debt does not go away its a longer term solution (it could in some cases also get worse)
Interest can if creditors refuse to stop adding charges continue to build up
Your credit rating will be affected due to paying lower payments and defaulting from your original agreement
For information regarding our other services that may be of interest, visit our IVA or Bankruptcy pages.
