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Debt Test Results

Based on the information provided, possible solutions could be:

Debt Management

We believe that you may benefit from a debt management plan. You would make just one single affordable monthly payment, and any interest and charges on existing debts would be reduced or frozen. We would stop creditors chasing you for payments, and help you get out of debt.

IVA

If your debts are greater than £10,000, an IVA could be the best solution for you. If you qualify for an IVA you would only pay one affordable monthly payment, with interest and charges on existing debts being frozen. At the end of your IVA, typically 60 months, all the unsecured debt that you haven't repaid is written off.

Debt consolidation

Debt consolidation could be a helpful solution: it simplifies your finances by gathering your debts together, so you pay just one affordable monthly repayment.

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What happens next?

This debt test is not a comprehensive analysis of your complete financial situation, so we really recommend that you speak to one of our expert advisors. They will be happy to discuss your options, and work out how we can best help you to get out of debt quickly.

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  • 06 Jan 10
    Debt management companies face improved regulation

    The UK government is launching a consultation into the procedures of debt management companies. Kensington Financial Management Consultants welcome further industry regulation and are members of the Debt Resolution Forum – an organisation designed to increase standards within the industry.
  • 17 Dec 09
    Money problems top 2009 concerns

    A recent survey conducted by Samaritans indicates that 48% of the UK population has worried about their money problems and debt in 2009.