• GW Solutions UK Ltd lifted a great burden from my shoulders by professionally organising all my debts, contacting all the various companies involved and arranging payments I could afford. I would recommend GW and indeed have done so in the past.
    A Cuthbert


Debt Management is an informal agreement between you and the unsecured creditors you owe money to. A Debt Management Programme looks to reduce the amount you pay on a weekly / monthly basis, towards your debt, to enable you to pay your priority debts and living expenses comfortably. Usually, only one payment is made, per week or month, which is then distributed between all the different creditors based on how much is owed to whom. If you are using a company, like GW, to act on your behalf, this is all done for you.

Case study

To give you an idea of how Debt Management might work for you, the fees and timescales, see our below example. We would be happy to provide you with something more specific and tailored to your personal circumstances. Just complete our online enquiry form and we will call you back or call on either 08081 292 010 or 0161 476 9500.

Before Debt Management:
Debt Level: £10,000
Number of Creditors: 6
client affordability: £157.00 per month

With Debt Management at GW:

Month 1 – 4:

DMP payment would be £157.00 from which 50% (£78.50) would be distributed between creditors and 50% (£78.50) would be retained towards set-up fees. A total of £314 would be distributed and £314 used to complete the set-up fees.

 Month 5 onwards:

DMP payment would be £157.00 from which £37.95 would be deducted to cover the on-going monthly management of the DMP. This would mean £119.05 would be distributed between the 6 creditors.

Timescale of the DMP: 88.36 months (6.78 years)*

Total Repayable: £14,500.52

Total Fee’s: £4500.52

*Assuming the interest & charges are frozen on first request, the balances remained the same as the initial estimation and the payments were made, on time, each month

*on the assumption that interest & charges is frozen

This example is formulated using GW ‘average client’ data from January – March 2016.