What is a self help plan?
The easiest and cheapest way to get out of debt is by contacting your creditors and by negotiating with them yourself.
Advantages
- Self help plans are completely free to set up and operate.
- You are in control of your debt and will become debt free – you decide what is right for you.
Disadvantages
- You must have self discipline to ensure you stick to your plan.
- Creditors maybe unwilling to acknowledge receipt of your plan and could continue to add interest to your debt.
- You may feel alone and isolated attempting to become debt free. Other debt solutions Carrington Dean offer will allow you to share your worry with a specially trained debt advisor.