In most cases people get in contact with debt management companies not because they have been financially careless but because of a change of circumstances such as: loss of income due to unemployment or job changes, marital problems that result in divorce or separation, illness or any one of a multitude of life changing events. Most people contact debt management companies only after they have done their best to maintain their loan repayments for a long period of time, but without any significant success. With compounding interest adding to there existing debt on a daily basis and subsequently their present payments are not actually reducing the balance things can look like a no win situation.
At some point in their struggle to keep up with repayments there comes a point when they realize that they have little option but to take some drastic action or they will be completely engulfed in the endless phone calls and mountains of letters they are receiving from creditors they owe money to.
Reputable debt management companies working your behalf can put you back into the driving seat and without borrowing more money (which can make things even worse).
Debt management companies generally call upon their experience and knowledge of the UK debt laws to negotiate with your creditors to reduce your overall out goings to one affordable monthly payment.